EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline down.
A bearish movement downwards to the next support level at 0.86492 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.86707 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Next a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87323 |
| 2nd High | 0.87156 |
| Next High | 0.86707 |
| Current Price | 0.86673 |
| Next Low | 0.86492 |
| 2nd Low | 0.86485 |
| 3rd Low | 0.86437 |
0.86707 – 0.86692 – 0.87156 – 0.86492 – 0.86485 – 0.86699 —
0.86682 – 0.86708 —
50.102624019483 – 56.612800713921 —
– —
0.86707 – 1769706000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – Double top chart pattern – – – – – – – –