EUR/AUD – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 1.64909 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.63371 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.64909 – 1.64591 – 1.6381 – 1.64435 – 1.63371 – 1.63038 —
1.64866 – 1.64899 —
64.645361091666 – 55.195461286632 —
– —
1.64909 – 1781092800

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