Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.91874 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.92503 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92653 |
| 2nd High | 0.92628 |
| Next High | 0.92503 |
| Current Price | 0.91658 |
| Next Low | 0.91942 |
| 2nd Low | 0.91874 |
| 3rd Low | 0.91698 |
0.92503 – 0.92499 – 0.92165 – 0.92216 – 0.92299 – 0.91942 —
0.92356 – 0.92092 —
45.336390910838 – 23.889043080613 —
– —
0.92503 – 1777478400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –