EUR/AUD – 1H – BUYBesides a ‘Bullish Engulfing’ chart pattern is discovered. The candles form ‘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 success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.67149 |
| Next High | 1.67087 |
| Current Price | 1.66517 |
| Next Low | 1.66197 |
| 2nd Low | 1.65662 |
| 3rd Low | 1.64748 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing