EUR/CHF – 30M – BUYThen a ‘Below The Stomach’ candle chart pattern is discovered. The candles show ‘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 success rate of a ‘Below The Stomach’ heading down is 60% (Bull Market) & 65% (Bear Market).
Then a ‘Double top chart pattern’ chart formation is detected. The chart forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94066 |
| 2nd High | 0.93973 |
| Next High | 0.93942 |
| Current Price | 0.93557 |
| Next Low | 0.93488 |
| 2nd Low | 0.93349 |
| 3rd Low | 0.93054 |
0.93942 – 0.93973 – 0.94066 – 0.93605 – 0.93748 – 0.93691
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Below The Stomach