EUR/GBP – 1H – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.82746 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.83240 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83272 |
| Next High | 0.83240 |
| Current Price | 0.82939 |
| Next Low | 0.82746 |
| 2nd Low | 0.82705 |
| 3rd Low | 0.82220 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows