There is also a ‘Inverted Hammer’ candle chart pattern is found. The candles show ‘Inverted Hammer’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.26666 |
2nd High | 1.26136 |
Next High | 1.25878 |
Current Price | 1.25352 |
Next Low | 1.25093 |
2nd Low | 1.24744 |
3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Inverted Hammer