AUD/JPY – 30M – SELLIn addition a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. 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 | 100.30800 |
| 2nd High | 99.21500 |
| Next High | 98.74700 |
| Current Price | 98.41400 |
| Next Low | 98.34100 |
| 2nd Low | 98.12700 |
| 3rd Low | 97.70600 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing