EUR/AUD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 1.6296 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.63348 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Tweezers Top’ chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.63348 – 1.63135 – 1.63347 – 1.6296 – 1.63002 – 1.62483 —
1.63486 – 1.63331 —
67.28382035883 – 50.889184980907 —
– —
1.63348 – 1777921200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – – – – – – – – –