There is also a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.93262 |
2nd High | 0.93222 |
Next High | 0.93032 |
Current Price | 0.92750 |
Next Low | 0.92555 |
2nd Low | 0.92045 |
3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing