EUR/AUD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.75042 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.75840 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Inside Down’ chart pattern is discovered. The chart shows ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.

1.75840 – 1.75766 – 1.76294 – 1.75223 – 1.75144 – 1.75042

Download EUR/AUD Signal Image

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