EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.82685 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.82504 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82828 |
| 2nd High | 0.82721 |
| Next High | 0.82685 |
| Current Price | 0.82895 |
| Next Low | 0.82504 |
| 2nd Low | 0.82304 |
| 3rd Low | 0.82243 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers