EUR/JPY – 1H – SELLAlso there is a ‘Last Engulfing Top’ chart pattern is found. The candles form ‘Last Engulfing Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.89900 |
| 2nd High | 164.54500 |
| Next High | 163.80500 |
| Current Price | 163.15200 |
| Next Low | 162.83600 |
| 2nd Low | 161.38200 |
| 3rd Low | 160.89500 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Last Engulfing Top