Then a ‘Double bottom retreat down’ chart formation is existing. The chart picture shows ‘Double bottom retreat down’. which is a bearish pattern signal. The pair is likely to go down.
Then a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.71467 |
| Next High | 0.71116 |
| Current Price | 0.71102 |
| Next Low | 0.70261 |
| 2nd Low | 0.70149 |
| 3rd Low | 0.68966 |
0.71116 – 0.71467 – 0.70499 – 0.70261 – 0.70149 – 0.70277 —
0.70844 – 0.71348 —
54.480781094761 – 64.477442876914 —
– —
0.71116 – 1771804800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Double bottom retreat down – – – – – – – –