EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.

A bearish movement downwards to the next support level at 1.66105 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.67088 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.67088 – 1.67357 – 1.67878 – 1.66574 – 1.66821 – 1.6689 —
1.66750 – 1.66619 —
41.949167246438 – 44.010617587849 —
– —
1.67088 – 1775534400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –