EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline down.

A continuation of the downward movement down to the next support line at 1.76221 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.77666 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Three Inside Down’ candle pattern is detected. The chart forms ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.77666 – 1.77138 – 1.77897 – 1.76221 – 1.76018 – 1.76085 — 60.868933745055 – 58.90887364246 — 59.570268011649 – 56.843145260019 – 45.99996661139 – 55.321465620233

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Inside Down – – –