EUR/AUD – 4H – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at will continue.
Caution: A possible trend reversal in the direction of support at 1.63613 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.66391 |
| Next Low | 1.63613 |
| 2nd Low | 1.63504 |
| 3rd Low | 1.61583 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers