EUR/GBP – 30M – SELLNext a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.
Next a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.87085 |
| Next High | 0.86922 |
| Current Price | 0.86705 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86922 – 0.86861 – 0.86778 – 0.8663 – 0.86662 – 0.86707 —
0.86863 – 0.86759 —
49.64166484868 – 38.997203031301 —
– —
0.86922 – 1768210200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Double bottom retreat down – – – – – – – –