There is also a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.94407 |
2nd High | 0.94278 |
Next High | 0.94094 |
Current Price | 0.93978 |
Next Low | 0.93650 |
2nd Low | 0.93540 |
3rd Low | 0.93489 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down