EUR/AUD – 1H – SELL

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

A continuation of the downtrend down to the next support level at 1.72907 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.74559 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.74559 – 1.74562 – 1.74449 – 1.7379 – 1.73553 – 1.73597 —
1.73815 – 1.73308 —
36.100946129593 – 32.051247256779 —
– —
1.74559 – 1768453200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – – – – – – – – –