EUR/AUD – 4H – SELLNext a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.65998 |
| Current Price | 1.64175 |
| Next Low | 1.61583 |
| 2nd Low | 1.59661 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing