And also a ‘Tweezers Bottom’ chart pattern is discovered. The chart shows ‘Tweezers Bottom’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.91347 |
2nd High | 0.90868 |
Next High | 0.90748 |
Current Price | 0.90722 |
Next Low | 0.90389 |
2nd Low | 0.90340 |
3rd Low | 0.89830 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Bottom