EUR/AUD – 30M – SELL

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

A bearish trend downwards to the next support at 1.66338 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.67822 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.67822 – 1.68486 – 1.68542 – 1.66338 – 1.67103 – 1.67828 —
1.66645 – 1.66706 —
38.694320788988 – 44.181698127389 —
– —
1.67822 – 1770805800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Inverse Head and Shoulder chart pattern – – – – – – – –