EUR/AUD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 1.72907 is certain.

Caution: A possible change in the direction of the resistance zone at 1.73975 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.73975 – 1.74741 – 1.75177 – 1.72907 – 1.74147 – 1.74445 —
1.73591 – 1.73827 —
58.25512402933 – 66.345896492403 —
– —
1.73975 – 1767753000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Head and Shoulder chart pattern – – – – – – – –