EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) goes from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at will persist.
Caution: A possible change in the direction of the support zone at 0.83844 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.84237 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.84240 |
| Next Low | 0.83844 |
| 2nd Low | 0.83644 |
| 3rd Low | 0.83635 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers