AUD/USD – 1H – BUYAnd also a ‘Tweezers Bottom’ candle pattern is detected. The candles form ‘Tweezers Bottom’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63021 |
| 2nd High | 0.62878 |
| Next High | 0.62056 |
| Current Price | 0.61542 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Bottom