EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.77854 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.78759 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79759 |
| 2nd High | 1.78991 |
| Next High | 1.78759 |
| Current Price | 1.77148 |
| Next Low | 1.77854 |
| 2nd Low | 1.77282 |
| 3rd Low | 1.7626 |
1.78759 – 1.78991 – 1.79759 – 1.77854 – 1.78136 – 1.77991 — 21.631528153792 – 19.022940035815 — 0 – 0 – 11.521593411855 – 2.7080340898209
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – –