EUR/AUD – 4H – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1.67149 is likely expected.
Caution: A possible change in the direction of the support level at 1.63613 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.67149 |
| Current Price | 1.66656 |
| Next Low | 1.63613 |
| 2nd Low | 1.63504 |
| 3rd Low | 1.61583 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers