EUR/AUD – 30M – BUY

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.67103 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.68486 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.68486 – 1.68542 – 1.69046 – 1.67103 – 1.67828 – 1.67854 —
1.67634 – 1.67573 —
41.05231006414 – 41.527556707181 —
– —
1.68486 – 1770741000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double bottom chart pattern – – – – – – – –