EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) goes from the ascending trendline downwards
A descending movement downwards to the next support at 0.82832 will continue.
Caution: A possible change in the direction of the resistance level at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.83807 |
| Next Low | 0.82832 |
| 2nd Low | 0.82742 |
| 3rd Low | 0.82625 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low