EUR/CAD – 30M – SELLFurthermore a ‘Last Engulfing Bottom:’ candle chart pattern is existing. The candles show ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49791 |
| 2nd High | 1.49400 |
| Next High | 1.49251 |
| Current Price | 1.48478 |
| Next Low | 1.48421 |
| 2nd Low | 1.48358 |
| 3rd Low | 1.48319 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Last Engulfing Bottom: