There is also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination Euro/US Dollar (EUR/USD) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support at 1.16936 will continue.
Caution: A possible change in the direction of the resistance zone at 1.17266 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17622 |
| 2nd High | 1.17545 |
| Next High | 1.17266 |
| Current Price | 1.16949 |
| Next Low | 1.16936 |
| 2nd Low | 1.16724 |
| 3rd Low | 1.16687 |
1.17266 – 1.17545 – 1.1689 – 1.16936 – 1.16724 – 1.16687 —
1.17160 – 1.17073 —
38.924576004167 – 44.727164993302 —
– —
1.17266 – 1777345200
Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –