EUR/AUD – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish descent down to the next support at 1.77220 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.78831 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.76902 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.78831 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.78831 – 1.78324 – 1.77650 – 1.77220 – 1.75118 – 1.74973

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