EUR/AUD – 4H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline up.
An ascent upwards to the next resistance line at 1.63721 is expected.
Caution: A possible trend reversal in the direction of support at 1.61839 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64803 |
| 2nd High | 1.64243 |
| Next High | 1.63721 |
| Current Price | 1.62510 |
| Next Low | 1.61839 |
| 2nd Low | |
| 3rd Low |
1.63721 – 1.64243 – 1.64182 – 1.61839 – 1.62483 – 1.62891 —
1.62221 – 1.62348 —
27.592873512983 – 41.532569781562 —
1.61839 – 1778054400 —
1.63721 – 1777968000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –