EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.82504 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.82952 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83272 |
| Next High | 0.82952 |
| Current Price | 0.82540 |
| Next Low | 0.82504 |
| 2nd Low | 0.82304 |
| 3rd Low | 0.82243 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows