EUR/GBP – 30M – BUYNext a ‘Inverted Hammer’ candle chart pattern is detected. The candles show ‘Inverted Hammer’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83552 |
| 2nd High | 0.83512 |
| Next High | 0.83386 |
| Current Price | 0.83154 |
| Next Low | 0.83143 |
| 2nd Low | 0.83088 |
| 3rd Low | 0.83041 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Inverted Hammer