EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the bullish trendline downwards
A bearish trend downwards to the next support line at 0.86954 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.87412 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Matching Low’ candlestick pattern is found. The chart forms ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87451 |
| Next High | 0.87412 |
| Current Price | 0.87030 |
| Next Low | 0.86954 |
| 2nd Low | 0.86724 |
| 3rd Low | 0.86118 |
0.87412 – 0.86935 – 0.87132 – 0.86954 – 0.86724 – 0.86942 —
0.87394 – 0.87127 —
70.039174062197 – 50.24233439374 —
– —
0.87412 – 1770652800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –