There is also a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.90736 |
Current Price | 0.90353 |
Next Low | 0.90248 |
2nd Low | 0.90099 |
3rd Low | 0.90022 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Engulfing