In addition a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.27988 |
2nd High | 1.27873 |
Next High | 1.27283 |
Current Price | 1.27056 |
Next Low | 1.26660 |
2nd Low | 1.26354 |
3rd Low | 1.26067 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing