EUR/JPY – 30M – SELLAdditionally a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.70500 |
| 2nd High | 160.33800 |
| Next High | 159.97600 |
| Current Price | 158.70600 |
| Next Low | 158.69600 |
| 2nd Low | 158.36500 |
| 3rd Low | 158.09900 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing