EUR/AUD – 4H – BUYThe pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 1.64894 will persist.
Caution: A possible counter-trend in the direction of resistance at 1.66790 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.68016 |
| Next High | 1.66790 |
| Current Price | 1.66479 |
| Next Low | 1.64894 |
| 2nd Low | 1.63613 |
| 3rd Low | 1.63504 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers