EUR/GBP – 1H – SELLThe pair Euro/British Pound (EUR/GBP) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.86437 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86631 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87248 |
| Next High | 0.86631 |
| Current Price | 0.86559 |
| Next Low | 0.86437 |
| 2nd Low | 0.86321 |
| 3rd Low | 0.86093 |
0.86631 – 0.87248 – 0.87455 – 0.86437 – 0.87146 – 0.87168 —
0.86610 – 0.86606 —
42.879683957428 – 47.518396869297 —
– —
0.86631 – 1767711600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – – – – – –