The pair Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards
A descending movement down to the next support line at is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.82828 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Evening Star’ candle pattern is found. The candles show ‘Evening Star’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ going down is 72% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.83002 |
2nd High | 0.82851 |
Next High | 0.82828 |
Current Price | 0.82379 |
Next Low | |
2nd Low | |
3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Evening Star