EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards
A bearish trend downwards to the next support at 0.86631 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.86761 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Tweezers Top’ candle chart pattern is existing. The candles form ‘Tweezers Top’. 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 likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86793 |
| 2nd High | 0.86776 |
| Next High | 0.86761 |
| Current Price | 0.86778 |
| Next Low | 0.86631 |
| 2nd Low | 0.86601 |
| 3rd Low | 0.86526 |
0.86761 – 0.86776 – 0.86793 – 0.86631 – 0.86601 – 0.86526 —
0.86761 – 0.86801 —
48.233503007825 – 62.833590908835 —
– —
0.86761 – 1768582800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top – Double top retreat up – – – – – – – –