EUR/AUD – 1H – SELL

Furthermore a ‘Double bottom retreat down’ chart formation is discovered. The chart forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish trend downwards to the next support at 1.78748 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.79647 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI fall below 80’ indicator signal is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792 — 50.88 – 0

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