And also a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘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 success rate of a ‘Bearish Engulfing’ heading down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.27283 |
2nd High | 1.27253 |
Next High | 1.27181 |
Current Price | 1.25867 |
Next Low | 1.25619 |
2nd Low | 1.25246 |
3rd Low | 1.25067 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing