Then a ‘%K fall below 80’ indicator signal is found. The indicator shows ‘%K fall below 80’. which is often a bearish chart scenario. The currency pair could go down.
Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.778275 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 1.79358 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.79358 |
| Current Price | 1.78547 |
| Next Low | 1.76297 |
| 2nd Low | 1.76003 |
| 3rd Low | 1.75635 |
1.79358 – 1.78091 – 1.78691 – 1.76297 – 1.76453 – 1.76852 —
1.79358 – 1.78948 —
73.228497069024 – 51.631030572518 —
1.79358 – 1763445600 —
– 1763445600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double top retreat up – – – –