EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.
A descent down to the next support line at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.82828 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.82663 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.82828 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82938 |
| 2nd High | 0.82851 |
| Next High | 0.82828 |
| Current Price | 0.82565 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows