EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards
A bearish descent down to the next support line at 1.65406 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.67107 could happen.
Consider stop-loss settings accordingly.
Then a ‘Bearish Harami’ chart pattern is discovered. The chart forms ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67762 |
| 2nd High | 1.67440 |
| Next High | 1.67107 |
| Current Price | 1.65507 |
| Next Low | 1.65406 |
| 2nd Low | 1.65118 |
| 3rd Low | 1.64864 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami