EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.
A descent down to the next support line at 1.65222 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 1.65939 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Harami’ chart pattern is existing. The candles show ‘Bearish Harami’. which is a negative 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 | 1.68016 |
| 2nd High | 1.67762 |
| Next High | 1.65939 |
| Current Price | 1.65621 |
| Next Low | 1.65222 |
| 2nd Low | 1.65080 |
| 3rd Low | 1.64894 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami