Then a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.05340 |
2nd High | 1.05155 |
Next High | 1.05124 |
Current Price | 1.04051 |
Next Low | 1.03439 |
2nd Low | 1.03328 |
3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing