The combination breaks through the bearish trendline up.
The bullish trend up to the next resistance at 0.000010120 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.000008090 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 1.012E-5 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.000010120 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000010940 |
2nd High | 0.000010360 |
Next High | 0.000010120 |
Current Price | 0.000009890 |
Next Low | 0.000008090 |
2nd Low | 0.000007950 |
3rd Low | 0.000007730 |