EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 0.83314 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.82695 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83512 |
| 2nd High | 0.83386 |
| Next High | 0.83314 |
| Current Price | 0.82968 |
| Next Low | 0.82695 |
| 2nd Low | 0.82671 |
| 3rd Low | 0.82649 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers