EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.83044 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.83314 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83512 |
| 2nd High | 0.83386 |
| Next High | 0.83314 |
| Current Price | 0.83102 |
| Next Low | 0.83044 |
| 2nd Low | 0.83041 |
| 3rd Low | 0.82675 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows