Then a ‘Double bottom chart pattern’ chart formation is found. The formation shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.
Then a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.37884 |
| Next High | 1.37522 |
| Current Price | 1.36937 |
| Next Low | 1.36293 |
| 2nd Low | 1.36235 |
| 3rd Low | 1.35937 |
1.36712 – 1.36194 – 1.35629 – 1.36293 – 1.36235 – 1.35937 — 61.766527982389 – 75.145732018056 — 57.055818610729 – 71.313409025338 – 60.16326392071 – 63.855087713343
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double bottom chart pattern – –