EUR/AUD – 1H – BUYThen a ‘Double top retreat up’ chart formation is existing. The formation shows ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to go up.
Then a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.80819 |
| 2nd High | 1.79759 |
| Next High | 1.78991 |
| Current Price | 1.78567 |
| Next Low | 1.78522 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.78991 – 1.79759 – 1.80819 – 1.78522 – 1.78644 – 1.78872 — 40.567106140639 – 49.310116119452 — 21.54145263284 – 50.921566260212 – 14.773507798281 – 27.655265979139
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top retreat up – –