EUR/CHF – 1H – SELLThen a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. this 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 | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94398 |
| Current Price | 0.93757 |
| Next Low | 0.93650 |
| 2nd Low | 0.93489 |
| 3rd Low | 0.93297 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing