EUR/AUD – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 1.64241 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.67194 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Bearish Belt Hold’ candle chart pattern is found. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.67194 – 1.67501 – 1.68309 – 1.64241 – 1.6425 – 1.6626 —
1.65945 – 1.65429 —
58.641503085391 – 48.833336067571 —
– —
1.67194 – 1772409600

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