In addition a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. which 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 | 0.88885 |
2nd High | 0.88794 |
Next High | 0.88530 |
Current Price | 0.88209 |
Next Low | 0.87706 |
2nd Low | 0.87584 |
3rd Low | 0.87354 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing