The combination jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 224.000000000 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 215.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘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 chance of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 224.000000000 |
Current Price | 223.550000000 |
Next Low | 215.000000000 |
2nd Low | 204.160000000 |
3rd Low | 199.730000000 |