EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.82492 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.82777 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82952 |
| 2nd High | 0.82821 |
| Next High | 0.82777 |
| Current Price | 0.82475 |
| Next Low | 0.82492 |
| 2nd Low | 0.82304 |
| 3rd Low | 0.82243 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows