EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.82987 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 0.82720 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83281 |
| Next High | 0.82987 |
| Current Price | 0.82880 |
| Next Low | 0.82720 |
| 2nd Low | 0.82705 |
| 3rd Low | 0.82220 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers