EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.86631 is expected.
Caution: A possible change in the direction of the support level at 0.86519 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Latter Bottom’ candlestick pattern is discovered. The chart shows ‘Latter Bottom’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.87085 |
| Next High | 0.86631 |
| Current Price | 0.86577 |
| Next Low | 0.86519 |
| 2nd Low | 0.86437 |
| 3rd Low | 0.86347 |
0.86631 – 0.86596 – 0.87085 – 0.86519 – 0.86437 – 0.86523 —
0.86577 – 0.86581 —
48.491381390962 – 45.851717354924 —
– —
0.86631 – 1767711600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Latter Bottom – Double bottom retreat down – – – – – – – –