The combination moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 224.000000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 215.000000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. which is a positive 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 | |
2nd High | |
Next High | 224.000000000 |
Current Price | 223.550000000 |
Next Low | 215.000000000 |
2nd Low | 204.160000000 |
3rd Low | 199.730000000 |