EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 1.79083 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.80819 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.84480 |
| 2nd High | 1.81566 |
| Next High | 1.80819 |
| Current Price | 1.79239 |
| Next Low | 1.79083 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.80819 – 1.81566 – 1.81511 – 1.79083 – 1.80281 – 1.80950 — 40.031459293711 – 39.609888779815 — 20.387538628581 – 28.241320749464 – 15.803481204357 – 20.955539491314
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Double bottom chart pattern – –