EUR/AUD – 1H – BUY

The combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.

A bullish trend up to the next resistance level at 1.7194 will persist.

Caution: A possible counter-trend in the direction of the support zone at 1.71419 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘ ‘ indicator signal is detected. The indicator is ‘ ‘. this is usually a bullish signal. The pair is likely to go up.

And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

And also a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

1.7194 – 1.71927 – 1.72119 – 1.71419 – 1.711 – 1.70989 —
1.71634 – 1.71790 —
49.494195880071 – 52.336125501221 —
– —
1.71940 – 1769479200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – Double bottom chart pattern – – – – – – – –