EUR/USD – 30M – BUYIn addition a ‘Below The Stomach’ candlestick chart pattern is discovered. The chart forms ‘Below The Stomach’. which is a bearish 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).
In addition a ‘Head and Shoulder chart pattern’ chart pattern is discovered. The chart picture shows ‘Head and Shoulder chart pattern’. which is a bearish signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.13883 |
| 2nd High | 1.13807 |
| Next High | 1.13779 |
| Current Price | 1.13467 |
| Next Low | 1.13249 |
| 2nd Low | 1.13049 |
| 3rd Low | 1.12795 |
1.13779 – 1.13807 – 1.13492 – 1.13249 – 1.13049 – 1.12795
Trading Signals: FOREX – EUR – EUR/USD – USD – Below The Stomach