GBP/USD – 4H – BUYFurthermore a ‘Below The Stomach’ candle pattern is found. The chart shows ‘Below The Stomach’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27283 |
| 2nd High | 1.26073 |
| Next High | 1.25754 |
| Current Price | 1.22039 |
| Next Low | 1.20991 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Below The Stomach