EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 1.66898 is certain.
Caution: A possible change in the direction of the resistance level at 1.67700 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.6761362 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 1.67700 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. 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 | 1.68016 |
| Next High | 1.67700 |
| Current Price | 1.67223 |
| Next Low | 1.66898 |
| 2nd Low | 1.66311 |
| 3rd Low | 1.66197 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers