EUR/GBP – 30M – BUY

The pair Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards

A bearish movement down to the next support line at 0.82770 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.83141 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency 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’ going down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down