EUR/GBP – 30M – BUYThen a ‘Inverted Hammer’ candlestick chart pattern is discovered. The chart forms ‘Inverted Hammer’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83552 |
| 2nd High | 0.83512 |
| Next High | 0.83386 |
| Current Price | 0.83172 |
| Next Low | 0.83088 |
| 2nd Low | 0.83041 |
| 3rd Low | 0.82675 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Inverted Hammer