AUD/CAD – 30M – SELLNext a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90785 |
| 2nd High | 0.90517 |
| Next High | 0.90032 |
| Current Price | 0.89789 |
| Next Low | 0.89676 |
| 2nd Low | 0.89668 |
| 3rd Low | 0.89550 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing