EUR/AUD – 4H – SELL

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

A continuation of the downward movement downwards to the next support level at 1.62483 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.64243 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.64243 – 1.64182 – 1.64803 – 1.62483 – 1.62891 – 1.63424 —
1.63210 – 1.62819 —
48.372949230098 – 30.706885566987 —
– —
1.64243 – 1777492800

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