Then a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.61615 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.61615 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. 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 ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62214 |
| 2nd High | 1.62013 |
| Next High | 1.61615 |
| Current Price | 1.61499 |
| Next Low | 1.61016 |
| 2nd Low | 1.60742 |
| 3rd Low | 1.60627 |
1.61615 – 1.61556 – 1.61549 – 1.61016 – 1.61113 – 1.61167 —
1.61528 – 1.61475 —
65.498113642469 – 56.306601350995 —
– —
1.61615 – 1770361200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Double top chart pattern – – – – – – – –