Then a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 98.74700 |
2nd High | 98.72700 |
Next High | 98.43800 |
Current Price | 98.27700 |
Next Low | 97.90200 |
2nd Low | 97.74000 |
3rd Low | 97.73700 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down