Then a ‘Tweezers Top’ candlestick chart pattern is existing. The candles show ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
Then a ‘Double top chart pattern’ chart pattern is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.91293 |
2nd High | 0.91120 |
Next High | 0.90279 |
Current Price | 0.90096 |
Next Low | 0.90093 |
2nd Low | 0.90045 |
3rd Low | 0.89654 |
0.90279 – 0.91120 – 0.91051 – 0.90508 – 0.90776 – 0.90228
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Top