EUR/CAD – 30M – SELLAdditionally a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50308 |
| 2nd High | 1.50179 |
| Next High | 1.50115 |
| Current Price | 1.49511 |
| Next Low | 1.49407 |
| 2nd Low | 1.49242 |
| 3rd Low | 1.49102 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing