EUR/AUD – 1H – SELL

There is also a ‘Double bottom retreat down’ chart pattern is detected. The chart shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to go down.

The combination Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.

A bearish descent downwards to the next support at 1.78748 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.79647 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792

Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down – –