AUD/CAD – 30M – SELLThen a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish 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 | 0.91641 |
| 2nd High | 0.91378 |
| Next High | 0.91243 |
| Current Price | 0.90538 |
| Next Low | 0.90494 |
| 2nd Low | 0.90439 |
| 3rd Low | 0.90384 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing