EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A descent downwards to the next support at 1.67217 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.68016 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.68016 |
| Current Price | 1.67291 |
| Next Low | 1.67217 |
| 2nd Low | 1.66311 |
| 3rd Low | 1.66197 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows