EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.86495 is certain.
Caution: A possible change in the direction of the resistance zone at 0.86707 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87323 |
| 2nd High | 0.87156 |
| Next High | 0.86707 |
| Current Price | 0.86647 |
| Next Low | 0.86495 |
| 2nd Low | 0.86492 |
| 3rd Low | 0.86485 |
0.86707 – 0.86692 – 0.87156 – 0.86495 – 0.86492 – 0.86485 —
0.86638 – 0.86679 —
52.204857315668 – 55.698447004894 —
– —
0.86707 – 1769707800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –