Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.65873 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 1.67501 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6802 |
| 2nd High | 1.67541 |
| Next High | 1.67501 |
| Current Price | 1.66054 |
| Next Low | 1.65873 |
| 2nd Low | |
| 3rd Low |
1.67501 – 1.67292 – 1.67258 – 1.65873 – 1.66544 – 1.66554 —
1.66066 – 1.66465 —
24.669900969653 – 42.706897816924 —
1.65873 – 1771999200 —
1.67501 – 1771948800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –