AUD/CAD – 30M – BUYAlso there is a ‘Tweezers Bottom’ candle pattern is detected. The chart forms ‘Tweezers Bottom’. which is a positive chart scenario. The currency pair is likely to rise. 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).
Also there is a ‘Double top chart pattern’ chart layout is discovered. The chart forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90446 |
| 2nd High | 0.89829 |
| Next High | 0.88886 |
| Current Price | 0.88604 |
| Next Low | 0.88601 |
| 2nd Low | 0.88466 |
| 3rd Low | 0.88090 |
0.88886 – 0.88781 – 0.88520 – 0.88601 – 0.88466 – 0.88090
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Bottom