EUR/GBP – 30M – SELLAdditionally a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
Additionally a ‘Double top chart pattern’ chart formation is existing. The chart picture forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86137 |
| 2nd High | 0.85830 |
| Next High | 0.85649 |
| Current Price | 0.85327 |
| Next Low | 0.85307 |
| 2nd Low | 0.85303 |
| 3rd Low | 0.85250 |
0.85649 – 0.85830 – 0.85718 – 0.85307 – 0.85303 – 0.85431