EUR/AUD – 1H – SELL

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

A bearish movement down to the next support level at 1.77628 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.78984 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.78450168 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.78984 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.78691 – 1.77406 – 1.7784 – 1.77628 – 1.77303 – 1.76852 —
1.78513 – 1.79073 —
60.520026955734 – 67.851150571817 —
– —
1.78691 – 1763128800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Double top retreat up – – – –