EUR/GBP – 1H – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 0.83609 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.83088 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83752 |
| Next High | 0.83609 |
| Current Price | 0.83465 |
| Next Low | 0.83088 |
| 2nd Low | 0.82675 |
| 3rd Low | 0.82596 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers