EUR/AUD – 1H – SELL

Additionally a ‘Double bottom retreat down’ chart pattern is discovered. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.

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

The bearish trend down to the next support at 1.78748 is likely expected.

Caution: A possible counter-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.

Additionally a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart signal. The pair is likely to go down.

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 – –