EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A bearish trend down to the next support line at 1.66311 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.68016 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Harami’ candle pattern is discovered. The chart forms ‘Bearish Harami’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.68016 |
| Current Price | 1.67435 |
| Next Low | 1.66311 |
| 2nd Low | 1.66197 |
| 3rd Low | 1.65662 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami