Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.87033 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.87187 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87234 |
| 2nd High | 0.8721 |
| Next High | 0.87187 |
| Current Price | 0.87105 |
| Next Low | 0.86856 |
| 2nd Low | 0.86824 |
| 3rd Low | 0.86724 |
0.8698 – 0.86994 – 0.87187 – 0.86856 – 0.86864 – 0.86878 —
0.87022 – 0.87173 —
57.163865803002 – 65.533826302764 —
– —
0.8698 – 1771259400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –