EUR/AUD – 1H – SELL

Additionally a ‘Double bottom retreat down’ chart layout is discovered. The chart picture shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A bearish descent downwards to the next support line at 1.77411 will persist.

Caution: A possible change in the direction of resistance at 1.7884 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘%K fall below 80’ indicator layout is existing. The indicator shows ‘%K fall below 80’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.783305 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.7884 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.78669 – 1.7884 – 1.79358 – 1.77411 – 1.77703 – 1.77628 —
1.79143 – 1.79010 —
63.505463674779 – 55.148394339375 —
– —
1.78669 – 1763578800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double bottom retreat down – – – – – – – –