Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.98679 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.98679 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.98679 |
| Current Price | 0.98764 |
| Next Low | 0.97222 |
| 2nd Low | 0.96835 |
| 3rd Low | 0.95516 |
0.98062 – 0.98335 – 0.98679 – 0.97222 – 0.97453 – 0.97471 —
0.97659 – 0.98512 —
43.266261239676 – 66.635073470671 —
– —
0.98062 – 1777852800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –