EUR/AUD – 30M – BUY

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.77867188 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 1.79344 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Hanging Man’ candlestick chart pattern is found. The chart shows ‘Hanging Man’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hanging Man’ going down is 59% (Bull Market) & 59% (Bear Market).

1.79344 – 1.79101 – 1.77966 – 1.78629 – 1.77411 – 1.7748 —
1.79161 – 1.78303 —
48.015258431867 – 37.968183804832 —
– —
1.79344 – 1763717400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Hanging Man – – – – – – – – –