EUR/AUD – 4H – SELL

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

A continuation of the downtrend downwards to the next support line at 1.63424 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.64803 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.64803 – 1.66898 – 1.68458 – 1.63424 – 1.63942 – 1.64992 —
1.63741 – 1.64128 —
32.711504155964 – 52.49818004928 —
– —
1.64803 – 1776643200

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