AUD/CAD – 30M – BUYNext a ‘Below The Stomach’ candlestick pattern is existing. The chart forms ‘Below The Stomach’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Below The Stomach’ heading down is 60% (Bull Market) & 65% (Bear Market).
Next a ‘Double top chart pattern’ chart pattern is existing. The chart picture shows ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89829 |
| 2nd High | 0.88999 |
| Next High | 0.88986 |
| Current Price | 0.88579 |
| Next Low | 0.87991 |
| 2nd Low | 0.87890 |
| 3rd Low | 0.87639 |
0.88986 – 0.88922 – 0.88999 – 0.88654 – 0.87991 – 0.87890
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Below The Stomach