EUR/AUD – 4H – SELL

The pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 1.66229 is considered certain.

Caution: A possible change in the direction of the resistance line at 1.68309 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.68309 – 1.70628 – 1.71465 – 1.66229 – 1.67613 – 1.68932 —
1.67515 – 1.67865 —
47.451207635687 – 53.474733121429 —
– —
1.68309 – 1770998400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Double bottom chart pattern – – – – – – – –