EUR/AUD – 4H – BUY

The combination Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline up.

A continuation of the upward movement upwards to the next resistance at 1.79771 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.76895 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.79771 – 1.79358 – 1.78984 – 1.76895 – 1.77411 – 1.76297 —
1.77442 – 1.77434 —
36.203818757108 – 39.559712205095 —
– —
1.79771 – 1764086400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –