Then a ‘Bullish Belt Hold’ candlestick pattern is found. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 164.54500 |
2nd High | 163.80500 |
Next High | 163.50600 |
Current Price | 162.89200 |
Next Low | 162.36700 |
2nd Low | 161.38200 |
3rd Low | 160.89500 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold