USD/CHF – 30M – SELLNext a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.91370 |
| Next High | 0.91243 |
| Current Price | 0.90886 |
| Next Low | 0.90797 |
| 2nd Low | 0.90386 |
| 3rd Low | 0.90227 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing