EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline down.
A bearish trend down to the next support line at 1.65222 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.65928 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bullish Harami’ candle chart pattern is discovered. The candles form ‘Bullish Harami’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Harami’ going up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67107 |
| 2nd High | 1.65939 |
| Next High | 1.65928 |
| Current Price | 1.65579 |
| Next Low | 1.65222 |
| 2nd Low | 1.65080 |
| 3rd Low | 1.64894 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Harami