EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 0.83516 is likely expected.
Caution: A possible change in the direction of the support level at 0.82832 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83642 |
| 2nd High | 0.83552 |
| Next High | 0.83516 |
| Current Price | 0.83575 |
| Next Low | 0.82832 |
| 2nd Low | 0.82742 |
| 3rd Low | 0.82636 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers