EUR/AUD – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.61839 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.63721 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.63721 – 1.63348 – 1.64243 – 1.61839 – 1.62483 – 1.62796 —
1.62279 – 1.62518 —
39.41449408798 – 50.437383144096 —
– —
1.63721 – 1777968000

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