EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.

A bearish movement down to the next support line at 1.77282 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.79904 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.79904 – 1.77887 – 1.77886 – 1.77282 – 1.77303 – 1.76260

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