And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.86503 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.86754 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8694 |
| 2nd High | 0.86823 |
| Next High | 0.86754 |
| Current Price | 0.86554 |
| Next Low | 0.86531 |
| 2nd Low | 0.86503 |
| 3rd Low | 0.86411 |
0.86754 – 0.86706 – 0.86652 – 0.86531 – 0.86583 – 0.86503 —
0.86602 – 0.86605 —
48.69061852795 – 45.370319935931 —
– —
0.86754 – 1777305600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –