EUR/AUD – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 1.76003 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.76693 could happen.
Consider stop-loss settings accordingly.

Besides a ” indicator layout is discovered. The indicator is ”. which is often a bearish signal. The currency pair could go down.

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Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.76693 – 1.774 – 1.77506 – 1.76221 – 1.7664 – 1.76895 —
1.76291 – 1.76121 —
41.327064493551 – 36.751492036982 —
– —
1.76693 – 1764853200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – – – – – – – – –