EUR/GBP – 1H – SELLThe combination Euro/British Pound (EUR/GBP) goes from the ascending trendline down.
A bearish trend down to the next support level at 0.82243 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.82777 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83272 |
| Next High | 0.82777 |
| Current Price | 0.82475 |
| Next Low | 0.82243 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows