Then a ‘Double top chart pattern’ chart pattern is existing. The chart picture forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.17661408 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.18096 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18294 |
| 2nd High | 1.18098 |
| Next High | 1.18096 |
| Current Price | 1.17377 |
| Next Low | 1.17074 |
| 2nd Low | 1.16875 |
| 3rd Low | 1.16831 |
1.18096 – 1.18098 – 1.18096 – 1.17865 – 1.17466 – 1.17610
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – Double top chart pattern