Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 185.324 |
| 2nd High | 183.153 |
| Next High | 183.045 |
| Current Price | 182.71100 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.045 – 182.686 – 183.153 – 182.218 – 182.312 – 182.008 —
182.95300 – 182.69400 —
58.376315653646 – 47.840190301713 —
– —
183.045 – 1771585200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –