EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.
The bearish trend down to the next support line at 1.66910 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 1.67700 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Harami’ chart pattern is existing. The candles show ‘Bearish Harami’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.68016 |
| Next High | 1.67700 |
| Current Price | 1.67320 |
| Next Low | 1.66910 |
| 2nd Low | 1.66898 |
| 3rd Low | 1.66311 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami