EUR/AUD – 1H – SELL

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

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

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.63721 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.63721 – 1.63348 – 1.64243 – 1.62483 – 1.62796 – 1.6298 —
1.62795 – 1.62715 —
37.774565963779 – 33.278439029521 —
– —
1.63721 – 1777968000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –