EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.86147 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86481 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
In addition a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86707 |
| 2nd High | 0.86490 |
| Next High | 0.86481 |
| Current Price | 0.86420 |
| Next Low | 0.86147 |
| 2nd Low | 0.86111 |
| 3rd Low | 0.86093 |
0.86481 – 0.86265 – 0.86490 – 0.86147 – 0.86111 – 0.86093 — 58.838345381604 – 53.463021279857 — 20.950997115 – 10.207004022153 – 17.237588121562 – 16.715451948253
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Inverse Head and Shoulder chart pattern – –