EUR/GBP – 1H – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.
The bearish trend down to the next support at 0.82675 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.83314 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83552 |
| 2nd High | 0.83386 |
| Next High | 0.83314 |
| Current Price | 0.82996 |
| Next Low | 0.82675 |
| 2nd Low | 0.82596 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows