EUR/GBP – 4H – BUYThe combination Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards
A descent down to the next support at 0.82746 will continue.
Caution: A possible change in the direction of the resistance line at 0.83141 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83642 |
| 2nd High | 0.83272 |
| Next High | 0.83141 |
| Current Price | 0.82953 |
| Next Low | 0.82746 |
| 2nd Low | 0.82220 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold