EUR/GBP – 30M – SELL

There is also a ‘Double bottom retreat down’ chart pattern is found. The chart shows ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Euro/British Pound (EUR/GBP) goes from the ascending trendline down.

A descending movement downwards to the next support line at 0.85256 will continue.

Caution: A possible change in the direction of the resistance zone at 0.85684 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.85684 – 0.85513 – 0.85574 – 0.85411 – 0.85256 – 0.85367

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows