Then a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 98.74700 |
2nd High | 98.72700 |
Next High | 98.43800 |
Current Price | 98.25700 |
Next Low | 97.90200 |
2nd Low | 97.86300 |
3rd Low | 97.77900 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Engulfing