EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance level at 1.78759 is likely expected.

Caution: A possible change in the direction of the support level at 1.78238 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.786145 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.78759 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.78759 – 1.78991 – 1.78854 – 1.78238 – 1.78522 – 1.78648 — 39.654377621919 – 49.283308789383 — 10.311468992898 – 38.065230596062 – 5.8609069692601 – 16.340388800339

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