The currency pair breaks through the descending trendline upwards
A bullish trend up to the next resistance level at 0.000010120 is certain.
Caution: A possible change in the direction of the support level at 0.000008090 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 1.012E-5 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 0.000010120 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000010940 |
2nd High | 0.000010360 |
Next High | 0.000010120 |
Current Price | 0.000009890 |
Next Low | 0.000008090 |
2nd Low | 0.000007950 |
3rd Low | 0.000007730 |