AUD/USD – 30M – SELLBesides a ‘Below The Stomach’ candle pattern is existing. The candles form ‘Below The Stomach’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Below The Stomach’ heading down is 60% (Bull Market) & 65% (Bear Market).
Besides a ‘Double top chart pattern’ chart formation is discovered. The chart picture forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.65144 |
| Current Price | 0.64265 |
| Next Low | 0.63652 |
| 2nd Low | 0.63557 |
| 3rd Low | 0.63434 |
0.65144 – 0.64708 – 0.64934 – 0.64375 – 0.64425 – 0.64339
Trading Signals: FOREX – AUD – AUD/USD – USD – Below The Stomach