Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline down.
A bearish movement down to the next support line at 1.18473 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.187 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18895 |
| 2nd High | 1.18846 |
| Next High | 1.187 |
| Current Price | 1.18514 |
| Next Low | 1.18473 |
| 2nd Low | 1.18467 |
| 3rd Low | 1.18326 |
1.187 – 1.18846 – 1.18731 – 1.18585 – 1.18473 – 1.18467 —
1.18626 – 1.18562 —
39.024310132802 – 41.1439326699 —
– —
1.187 – 1771236000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –