EUR/AUD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A descent downwards to the next support level at 1.80232 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.80819 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.80819 – 1.80814 – 1.81566 – 1.80388 – 1.80281 – 1.80308 — 39.560684524342 – 34.984208539306 — 15.634046544725 – 5.5019164523798 – 23.222227613087 – 14.365037008286

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Rising Wedge Chart Pattern – –