Also there is a ‘Double top retreat up’ chart layout is found. The chart picture forms ‘Double top retreat up’. this is a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3.996 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 4.196000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 4.196000000 |
| Current Price | 3.941000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.796000000 |
| 3rd Low | 3.323000000 |
4.196000000 – 4.067000000 – 4.110000000 – 3.800000000 – 3.939000000 – 3.796000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up