EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.82793 is considered certain.
Caution: A possible change in the direction of resistance at 0.82988 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Line Strike – Bullish’ candlestick chart pattern is discovered. The candles form ‘Three Line Strike – Bullish’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83281 |
| Next High | 0.82988 |
| Current Price | 0.82921 |
| Next Low | 0.82793 |
| 2nd Low | 0.82720 |
| 3rd Low | 0.82705 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Line Strike – Bullish