Then a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ heading down is 82%.
Then a ‘Double top chart pattern’ chart layout is existing. The chart picture forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 1.34433 |
Next High | 1.34023 |
Current Price | 1.32361 |
Next Low | 1.32333 |
2nd Low | 1.32024 |
3rd Low | 1.27079 |
1.34023 – 1.34433 – 1.34236 – 1.32551 – 1.32333 – 1.32024
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows