EUR/GBP – 1H – BUYThen a ‘Tweezers Top’ candle chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. 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 existing. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84279 |
| 2nd High | 0.84197 |
| Next High | 0.83847 |
| Current Price | 0.83586 |
| Next Low | 0.83452 |
| 2nd Low | 0.82473 |
| 3rd Low | 0.82417 |
0.83847 – 0.84197 – 0.84279 – 0.83452 – 0.83670 – 0.83503
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top