EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline down.
The bearish trend down to the next support level at 0.85250 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.85649 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
In addition a ‘Double top chart pattern’ chart layout is existing. The chart picture forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. 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 | 0.85269 |
| Next Low | 0.85250 |
| 2nd Low | 0.85189 |
| 3rd Low | 0.84694 |
0.85649 – 0.85830 – 0.85718 – 0.85307 – 0.85303 – 0.85431
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows