EUR/AUD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.67087 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.67087 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Harami’ candlestick pattern is discovered. The candles form ‘Bullish Harami’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ going up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.67149 |
| Next High | 1.67087 |
| Current Price | 1.66784 |
| Next Low | 1.66197 |
| 2nd Low | 1.66040 |
| 3rd Low | 1.65662 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Harami