EUR/AUD – 1H – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.66574 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 1.67357 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.67357 – 1.67878 – 1.68458 – 1.66574 – 1.66821 – 1.6689 —
1.66943 – 1.67088 —
47.203169558845 – 58.808555305998 —
– —
1.67357 – 1775437200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – – – – – – – – –