AUD/USD – 30M – SELLNext a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63269 |
| 2nd High | 0.63021 |
| Next High | 0.62878 |
| Current Price | 0.62275 |
| Next Low | 0.62115 |
| 2nd Low | 0.62049 |
| 3rd Low | 0.61976 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing