Then a ‘Bullish Belt Hold’ candle pattern is found. The chart shows ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
Then a ‘Double top chart pattern’ chart formation is found. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.87377 |
2nd High | 0.86235 |
Next High | 0.85404 |
Current Price | 0.84954 |
Next Low | 0.84795 |
2nd Low | 0.83224 |
3rd Low | 0.83151 |
0.85404 – 0.85380 – 0.86235 – 0.84795 – 0.85250 – 0.85189
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold