Besides a ‘Bullish Engulfing’ candle pattern is discovered. The chart shows ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.48896 |
2nd High | 1.48587 |
Next High | 1.48582 |
Current Price | 1.48370 |
Next Low | 1.47883 |
2nd Low | 1.47371 |
3rd Low | 1.47226 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing