Next a ‘Double bottom retreat down’ chart layout is existing. The chart picture forms ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to go down.
Next a ‘Two Crows’ candle pattern is found. The candles show ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.94945 |
| Current Price | 0.94943 |
| Next Low | 0.94534 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.94232 |
0.94945 – 0.94504 – 0.94449 – 0.94534 – 0.94255 – 0.94232 —
0.94985 – 0.95048 —
74.861576814544 – 69.095145454871 —
– —
0.94945 – 1769387400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – Double bottom retreat down – – – – – – – –