EUR/USD – 30M – SELLMoreover a ‘Double bottom retreat down’ chart layout is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17422 |
| 2nd High | 1.172 |
| Next High | 1.1697 |
| Current Price | 1.16965 |
| Next Low | 1.16558 |
| 2nd Low | 1.16287 |
| 3rd Low | 1.15736 |
1.1697 – 1.16543 – 1.16425 – 1.16558 – 1.16287 – 1.15736 — 28.927611472047 – 27.179001427971 — 53.387314439946 – 49.966261808367 – 68.022152032311 – 57.745539061329
Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – Double bottom retreat down – –