EUR/AUD – 4H – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the downtrend down to the next support line at 1.77411 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.79358 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Inside Down’ chart pattern is discovered. The candles form ‘Three Inside 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 probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.79358 – 1.78984 – 1.77857 – 1.77411 – 1.76297 – 1.76722 —
1.79101 – 1.78414 —
61.443133827791 – 50.604662892179 —
– —
1.79358 – 1763438400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Inside Down – Double bottom retreat down – – – – – – – –