Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.164E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.000011970 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.000011970 |
Current Price | 0.000011790 |
Next Low | 0.000010530 |
2nd Low | 0.000009180 |
3rd Low | 0.000009050 |