EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.82828 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Line Strike – Bearish’ candlestick chart pattern is found. The candles show ‘Three Line Strike – Bearish’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82938 |
| 2nd High | 0.82851 |
| Next High | 0.82828 |
| Current Price | 0.82496 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Line Strike – Bearish