EUR/AUD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 1.64793 is certain.

Caution: A possible change in the direction of the resistance line at 1.65688 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.

Then a ‘Last Engulfing Bottom:’ candle pattern is found. The candles show ‘Last Engulfing Bottom:’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

1.65688 – 1.6595 – 1.65199 – 1.64793 – 1.64523 – 1.64241 —
1.65362 – 1.65169 —
54.163452983207 – 30.850419912636 —
– —
1.65688 – 1772814600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Last Engulfing Bottom: – – – – – – – – –