EUR/AUD – 1H – BUY

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

An ascent upwards to the next resistance at 1.68018 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.67181 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Then a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The chart forms ‘Bearish SBS White Lines’. which 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 ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.68018 – 1.68309 – 1.68542 – 1.6735 – 1.67181 – 1.66229 —
1.67646 – 1.67596 —
48.184722327331 – 38.483145834268 —
– —
1.68018 – 1771304400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – Double bottom retreat down – – – – – – – –