EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 1.65597 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.67194 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Belt Hold’ candle pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.67194 – 1.6671 – 1.66064 – 1.65597 – 1.65648 – 1.65873 —
1.65842 – 1.65126 —
46.16621514586 – 28.934092242305 —
– —
1.67194 – 1772409600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Belt Hold – – – – – – – – –