EUR/GBP – 1H – BUYFurthermore a ‘Last Engulfing Top’ candlestick pattern is found. The chart shows ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
Furthermore a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86235 |
| 2nd High | 0.85830 |
| Next High | 0.85649 |
| Current Price | 0.85327 |
| Next Low | 0.85303 |
| 2nd Low | 0.85250 |
| 3rd Low | 0.85189 |
0.85649 – 0.85830 – 0.86235 – 0.85303 – 0.85385 – 0.85796
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Last Engulfing Top