EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 1.66898 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.68016 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.68016 |
| Current Price | 1.67520 |
| Next Low | 1.66898 |
| 2nd Low | 1.66311 |
| 3rd Low | 1.66197 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers