EUR/AUD – 1H – SELL

And also a ‘Double top retreat up’ chart formation is detected. The formation shows ‘Double top retreat up’. this is a bullish pattern signal. The pair is likely to go up.

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

A continuation of the downward movement down to the next support line at 1.74973 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.77565 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.77565 – 1.78228 – 1.78831 – 1.76883 – 1.77355 – 1.77220

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji