Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.27253 |
2nd High | 1.26666 |
Next High | 1.26136 |
Current Price | 1.25779 |
Next Low | 1.24744 |
2nd Low | |
3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing