EUR/AUD – 30M – BUY

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

A bullish ascent upwards to the next resistance line at 1.65579 is certain.

Caution: A possible trend reversal in the direction of the support level at 1.64917 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Also there is a ‘Bearish SBS White Lines’ candlestick pattern is found. The chart forms ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.65579 – 1.65289 – 1.65677 – 1.64917 – 1.64866 – 1.64962 —
1.65251 – 1.65178 —
48.984174948032 – 47.400715719462 —
– —
1.65579 – 1783004400

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