EUR/AUD – 4H – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 1.61997 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.64803 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Southern Doji’ candle pattern is found. The chart forms ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.64803 – 1.66898 – 1.68458 – 1.63424 – 1.63942 – 1.64992 —
1.64040 – 1.63467 —
46.301774268692 – 34.074251635093 —
– —
1.64803 – 1776643200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –