EUR/AUD – 30M – SELL

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

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

A descent downwards to the next support line at 1.80232 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.80604 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.80604 – 1.80168 – 1.79926 – 1.80232 – 1.79451 – 1.79409 — 57.593898748442 – 54.078710157263 — 79.54799405678 – 57.406041609047 – 89.18023897304 – 76.983465698999

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