Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.66455 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.67762 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 1.68016 |
Next High | 1.67762 |
Current Price | 1.65815 |
Next Low | 1.65080 |
2nd Low | 1.64894 |
3rd Low | 1.64748 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers