Then a ‘Bullish Engulfing’ chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 162.48600 |
2nd High | 162.46900 |
Next High | 161.55600 |
Current Price | 161.20100 |
Next Low | 161.02900 |
2nd Low | 160.76900 |
3rd Low | 160.65800 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing