GBP/USD – 30M – SELLBesides a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27142 |
| 2nd High | 1.26940 |
| Next High | 1.26824 |
| Current Price | 1.26771 |
| Next Low | 1.26448 |
| 2nd Low | 1.25663 |
| 3rd Low | 1.25246 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing