EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.83461 is considered certain.
Caution: A possible change in the direction of the support zone at 0.82675 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83752 |
| Next High | 0.83461 |
| Current Price | 0.83212 |
| Next Low | 0.82675 |
| 2nd Low | 0.82596 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers