EUR/GBP – 30M – BUYAnd also a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
And also a ‘Double top chart pattern’ chart layout is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85312 |
| 2nd High | 0.85218 |
| Next High | 0.84919 |
| Current Price | 0.84714 |
| Next Low | 0.84581 |
| 2nd Low | 0.84483 |
| 3rd Low | 0.84129 |
0.84919 – 0.85218 – 0.85181 – 0.84581 – 0.84955 – 0.84810
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Engulfing