Next a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish signal. 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 | 0.83386 |
2nd High | 0.83314 |
Next High | 0.83281 |
Current Price | 0.82939 |
Next Low | 0.82764 |
2nd Low | 0.82746 |
3rd Low | 0.82705 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing