EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards
A descent down to the next support level at 0.83208 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.83360 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83396 |
| Next High | 0.83360 |
| Current Price | 0.83256 |
| Next Low | 0.83208 |
| 2nd Low | 0.82754 |
| 3rd Low | 0.82649 |