EUR/GBP – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.8323 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.83512 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. 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 | 0.83642 |
| 2nd High | 0.83552 |
| Next High | 0.83512 |
| Current Price | 0.83279 |
| Next Low | 0.83230 |
| 2nd Low | 0.83088 |
| 3rd Low | 0.83041 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows