EUR/GBP – 1H – SELLThe pair Euro/British Pound (EUR/GBP) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.86437 will continue.
Caution: A possible change in the direction of the resistance level at 0.86631 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Matching Low’ chart pattern is detected. The candles show ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87248 |
| Next High | 0.86631 |
| Current Price | 0.86557 |
| Next Low | 0.86437 |
| 2nd Low | 0.86321 |
| 3rd Low | 0.86093 |
0.86631 – 0.87248 – 0.87455 – 0.86437 – 0.87146 – 0.87168 —
0.86579 – 0.86595 —
38.045185061388 – 41.388654261226 —
– —
0.86631 – 1767711600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –