EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.82687 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.82828 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82938 |
| 2nd High | 0.82851 |
| Next High | 0.82828 |
| Current Price | 0.82743 |
| Next Low | 0.82687 |
| 2nd Low | 0.82663 |
| 3rd Low | 0.82649 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows