Next a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The pair is likely to go down.
Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. 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 will persist. Current target is 183.63 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 184.32700 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. 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 | 184.689 |
| 2nd High | 184.611 |
| Next High | 184.32700 |
| Current Price | 183.62400 |
| Next Low | 183.741 |
| 2nd Low | 183.63 |
| 3rd Low | 183.196 |
184.32700 – 184.611 – 184.689 – 183.741 – 183.63 – 183.927 —
184.32700 – 183.89700 —
55.968428071343 – 40.884278145097 —
184.32700 – 1772506800 —
– 1772506800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – – – – – – – –