EUR/CAD – 30M – BUYThere is also a ‘Collapsing Doji Star’ candle pattern is found. The chart forms ‘Collapsing Doji Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
There is also a ‘Double top chart pattern’ chart layout is existing. The chart picture shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57598 |
| 2nd High | 1.57125 |
| Next High | 1.57043 |
| Current Price | 1.55869 |
| Next Low | 1.55656 |
| 2nd Low | 1.55033 |
| 3rd Low | 1.54911 |
1.57043 – 1.57125 – 1.57598 – 1.56084 – 1.56613 – 1.56831
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star