Then a ‘Double top retreat up’ chart formation is discovered. The chart forms ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.
Then a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.84800 |
| 2nd High | 94.74500 |
| Next High | 94.54200 |
| Current Price | 94.26000 |
| Next Low | 94.22400 |
| 2nd Low | 94.05600 |
| 3rd Low | 93.94200 |
94.54200 – 94.74500 – 94.84800 – 94.22400 – 94.39800 – 94.05600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top retreat up