EUR/CHF – 1H – BUYMoreover a ‘Below The Stomach’ candle chart pattern is found. The candles form ‘Below The Stomach’. this 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’ going down is 60% (Bull Market) & 65% (Bear Market).
Moreover a ‘Double top chart pattern’ chart pattern is discovered. The chart forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94465 |
| 2nd High | 0.94369 |
| Next High | 0.94066 |
| Current Price | 0.93648 |
| Next Low | 0.93614 |
| 2nd Low | 0.93054 |
| 3rd Low | 0.92750 |
0.94066 – 0.94369 – 0.94465 – 0.93614 – 0.93967 – 0.93835
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Below The Stomach