EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.83051 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 0.82857 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Two-Candle Shooting Star’ chart pattern is detected. The candles form ‘Two-Candle Shooting Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83249 |
| 2nd High | 0.83173 |
| Next High | 0.83051 |
| Current Price | 0.83380 |
| Next Low | 0.82857 |
| 2nd Low | 0.82850 |
| 3rd Low | 0.82742 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two-Candle Shooting Star