There is also a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | |
2nd High | |
Next High | 157.92300 |
Current Price | 157.14000 |
Next Low | 155.94900 |
2nd Low | 153.15600 |
3rd Low | 151.79600 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Engulfing