EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 1.67613 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.68838 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.68838 – 1.71465 – 1.7108 – 1.67613 – 1.69449 – 1.69413 —
1.68532 – 1.68724 —
43.949795291079 – 51.472872858103 —
– —
1.68838 – 1770138000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –