EUR/USD – 30M – BUYThen a ‘Double bottom chart pattern’ chart formation is found. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.
Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Then a ‘Latter Bottom’ candle chart pattern is found. The candles show ‘Latter Bottom’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17422 |
| 2nd High | 1.172 |
| Next High | 1.1697 |
| Current Price | 1.17146 |
| Next Low | 1.16558 |
| 2nd Low | 1.16287 |
| 3rd Low | 1.15736 |
1.1697 – 1.16543 – 1.16425 – 1.16558 – 1.16287 – 1.15736 — 34.275659650187 – 66.779023672763 — 13.860471315383 – 39.665648157904 – 12.696096645838 – 22.462196929556
Trading Signals: FOREX – EUR – EUR/USD – USD – Latter Bottom – Double bottom chart pattern – –