EUR/AUD – 30M – BUY

The combination Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline up.

A continuation of the upward movement up to the next resistance at 1.63392 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.62557 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish SBS White Lines’ chart pattern is discovered. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.63392 – 1.63035 – 1.62946 – 1.62557 – 1.62672 – 1.62525 —
1.63021 – 1.63483 —
45.293378482723 – 56.502768361692 —
– —
1.63392 – 1780632000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – – – – – – – – –