EUR/GBP – 30M – BUYAnd also a ‘Tweezers Bottom’ candlestick chart pattern is existing. The candles form ‘Tweezers Bottom’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
And also a ‘Double top chart pattern’ chart pattern is detected. The chart forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85830 |
| 2nd High | 0.85649 |
| Next High | 0.85472 |
| Current Price | 0.85314 |
| Next Low | 0.85204 |
| 2nd Low | 0.85189 |
| 3rd Low | 0.84694 |
0.85472 – 0.85649 – 0.85830 – 0.85204 – 0.85307 – 0.85303
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Bottom