The combination breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 0.000092400 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.000089540 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000094790 |
2nd High | 0.000094210 |
Next High | 0.000092400 |
Current Price | 0.000091370 |
Next Low | 0.000089540 |
2nd Low | 0.000089230 |
3rd Low | 0.000088760 |