EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.65542 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.64644324 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.65542 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Last Engulfing Top’ candlestick chart pattern is detected. The candles show ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.65542 – 1.65688 – 1.6595 – 1.64793 – 1.64523 – 1.64241 —
1.64824 – 1.65074 —
33.74706485757 – 47.81863074571 —
– —
1.65542 – 1773027000

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