EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 0.82821 is certain.
Caution: A possible change in the direction of the support level at 0.82492 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.82882 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.82821 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. 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 | 0.83272 |
| 2nd High | 0.82952 |
| Next High | 0.82821 |
| Current Price | 0.82684 |
| Next Low | 0.82492 |
| 2nd Low | 0.82304 |
| 3rd Low | 0.82243 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers