EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 1.78629 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.79344 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. 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 is certain. Current target is 1.783775 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.79344 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.79344 – 1.79101 – 1.77966 – 1.78629 – 1.77411 – 1.7748 —
1.79209 – 1.79091 —
51.744245721246 – 54.664496198084 —
– —
1.79344 – 1763717400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double top chart pattern – – – – – – – –