EUR/AUD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 1.62483 will continue.

Caution: A possible change in the direction of the resistance line at 1.63721 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.62483 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.63721 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.63721 – 1.63348 – 1.63135 – 1.62691 – 1.6296 – 1.63002 —
1.62803 – 1.62635 —
39.061539207649 – 25.596037622044 —
– —
1.63721 – 1777969800

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