EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.82705 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.83141 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency 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 | 0.83314 |
| 2nd High | 0.83272 |
| Next High | 0.83141 |
| Current Price | 0.82996 |
| Next Low | 0.82705 |
| 2nd Low | 0.82220 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers