EUR/AUD – 4H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance at 1.74562 will persist.

Caution: A possible counter-trend in the direction of support at 1.73553 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.74562 – 1.74544 – 1.76148 – 1.73553 – 1.72907 – 1.74801 —
1.74503 – 1.73300 —
53.205129846937 – 36.843334974336 —
– —
1.74562 – 1768406400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Belt Hold – Head and Shoulder chart pattern – – – – – – – –