EUR/CAD – 30M – SELLAnd also a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. 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 | 1.50378 |
| 2nd High | 1.49791 |
| Next High | 1.49400 |
| Current Price | 1.48881 |
| Next Low | 1.48358 |
| 2nd Low | 1.48319 |
| 3rd Low | 1.47687 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing