GBP/USD – 30M – SELLAdditionally a ‘Below The Stomach’ candlestick pattern is found. The candles form ‘Below The Stomach’. this is a bearish pattern signal. The currency pair is likely to fall. 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).
Additionally a ‘Double top chart pattern’ chart pattern is detected. The chart forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34433 |
| 2nd High | 1.34256 |
| Next High | 1.34205 |
| Current Price | 1.33937 |
| Next Low | 1.33800 |
| 2nd Low | 1.32797 |
| 3rd Low | 1.32737 |
1.34205 – 1.34256 – 1.34433 – 1.33800 – 1.33937 – 1.32797
Trading Signals: FOREX – GBP – GBP/USD – USD – Below The Stomach