EUR/AUD – 1H – SELL

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

A continuation of the bearish trend down to the next support at 1.63424 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.63868 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which is a negative signal. 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).

1.63868 – 1.64581 – 1.64562 – 1.63424 – 1.63851 – 1.64083 —
1.63741 – 1.63708 —
43.586621628551 – 46.801326060509 —
– —
1.63868 – 1776924000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –