EUR/AUD – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.62666664 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.64535 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.64535 – 1.65168 – 1.62761 – 1.6367 – 1.61894 – 1.62004 —
1.64107 – 1.63495 —
45.082058644482 – 36.002091631701 —
– —
1.64535 – 1781683200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –