EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at 1.76003 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.76693 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Southern Doji’ candle chart pattern is existing. The chart shows ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.76693 – 1.774 – 1.77506 – 1.76221 – 1.7664 – 1.76895 —
1.76244 – 1.76226 —
34.823039513901 – 40.068491594567 —
– —
1.76693 – 1764853200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – Double top chart pattern – – – – – – – –