There is also a ‘Falling Window’ chart pattern is discovered. The chart forms ‘Falling Window’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.65839 |
2nd High | 1.65767 |
Next High | 1.65189 |
Current Price | 1.64909 |
Next Low | 1.64192 |
2nd Low | 1.63974 |
3rd Low | 1.63613 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Falling Window