EUR/GBP – 1H – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.82828 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.82243 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83002 |
| 2nd High | 0.82851 |
| Next High | 0.82828 |
| Current Price | 0.82962 |
| Next Low | 0.82243 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers