EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 1.71120 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.77520 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.77520 – 1.78820 – 1.78876 – 1.75938 – 1.75983 – 1.76997

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down