EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline downwards

A bearish descent down to the next support level at 1.75118 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.77650 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.77650 – 1.75642 – 1.75507 – 1.75118 – 1.74973 – 1.74974

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows