EUR/GBP – 30M – BUYAlso there is a ‘Tweezers Top’ candle pattern is found. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
Also there is a ‘Double top chart pattern’ chart formation is found. The chart picture shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85312 |
| 2nd High | 0.85218 |
| Next High | 0.84919 |
| Current Price | 0.84750 |
| Next Low | 0.84581 |
| 2nd Low | 0.84483 |
| 3rd Low | 0.84129 |
0.84919 – 0.85218 – 0.85181 – 0.84581 – 0.84955 – 0.84810
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top