The combination Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 0.86442 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.86243 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8651 |
| 2nd High | 0.86468 |
| Next High | 0.86442 |
| Current Price | 0.86426 |
| Next Low | 0.86243 |
| 2nd Low | 0.86185 |
| 3rd Low | 0.8614 |
0.86442 – 0.8636 – 0.86354 – 0.86243 – 0.86251 – 0.8625 —
0.86328 – 0.86422 —
57.301248519221 – 69.777204257624 —
– —
0.86442 – 1781483400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –