EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 1.62796 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.64243 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.62796 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.64243 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Southern Doji’ candlestick chart pattern is discovered. The candles show ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.64243 – 1.63406 – 1.64182 – 1.62796 – 1.6298 – 1.62891 —
1.63075 – 1.63323 —
40.235116599746 – 51.17640096012 —
– —
1.64243 – 1777496400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – – – – – – – – –