EUR/AUD – 1H – BUY

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

An ascent up to the next resistance line at 1.67194 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.65597 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

1.67194 – 1.6671 – 1.66064 – 1.65597 – 1.65648 – 1.65873 —
1.64927 – 1.64922 —
30.394541627238 – 44.62510188386 —
– —
1.67194 – 1772409600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –