EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 1.67710 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.67217 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish signal. The 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 | 1.67710 |
| Current Price | 1.67737 |
| Next Low | 1.67217 |
| 2nd Low | 1.66311 |
| 3rd Low | 1.66197 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers