AUD/JPY – 30M – SELLNext a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency 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 | 98.74700 |
| 2nd High | 98.72700 |
| Next High | 98.43800 |
| Current Price | 98.30200 |
| Next Low | 97.90200 |
| 2nd Low | 97.86300 |
| 3rd Low | 97.77900 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing