EUR/GBP – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.83409304 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.83752 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84184 |
| 2nd High | 0.83959 |
| Next High | 0.83752 |
| Current Price | 0.83529 |
| Next Low | 0.83467 |
| 2nd Low | 0.83316 |
| 3rd Low | 0.83229 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows