EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 0.82987 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.82764 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83281 |
| Next High | 0.82987 |
| Current Price | 0.82896 |
| Next Low | 0.82764 |
| 2nd Low | 0.82746 |
| 3rd Low | 0.82705 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers