EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.83959 will persist.
Caution: A possible trend reversal in the direction of support at 0.83396 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.83586 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.83959 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84426 |
| 2nd High | 0.84184 |
| Next High | 0.83959 |
| Current Price | 0.83701 |
| Next Low | 0.83396 |
| 2nd Low | 0.83229 |
| 3rd Low | 0.83093 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers