EUR/AUD – 30M – SELL

And also a ‘Double top retreat up’ chart formation is existing. The chart picture forms ‘Double top retreat up’. this is a bullish chart scenario. The currency pair is likely to go up.

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

A bearish trend down to the next support level at 1.76221 is expected.

Caution: A possible trend reversal in the direction of resistance at 1.76693 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

1.76693 – 1.774 – 1.77506 – 1.76221 – 1.7667 – 1.76817 —
1.76283 – 1.76221 —
42.242887931787 – 44.181718074978 —
– —
1.76693 – 1764853200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – Double top retreat up – – – – – – – –