Then a ‘Double bottom chart pattern’ chart formation is existing. The chart picture shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 205.36700 |
| Next Low | 204.578 |
| 2nd Low | 203.975 |
| 3rd Low | 203.883 |
205.364 – 204.737 – 204.293 – 204.578 – 203.975 – 203.883 —
205.16300 – 205.35600 —
57.9821075237 – 62.612917413043 —
– —
205.36400 – 1763571600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom chart pattern – – – –