EUR/AUD – 30M – SELL

Additionally a ‘Double bottom retreat down’ chart pattern is found. The chart picture forms ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.

The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.

A bearish descent downwards to the next support line at 1.6881 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.69447 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.69447 – 1.69206 – 1.68525 – 1.6881 – 1.68418 – 1.67963 —
1.69013 – 1.69778 —
49.450568077182 – 65.455149379418 —
– —
1.69447 – 1770264000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Double bottom retreat down – – – – – – – –