Sell EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support line at 0.83224 is certain.

Caution: A possible change in the direction of the resistance level at 0.84182 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

In addition a ‘Double top chart pattern’ chart pattern is discovered. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 0.84588
2nd High 0.84489
Next High 0.84182
Current Price 0.83952
Next Low 0.83224
2nd Low 0.83151
3rd Low 0.82473

0.84182 – 0.84489 – 0.84588 – 0.83970 – 0.84048 – 0.83933

Download EUR/GBP Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals