EUR/GBP – 1H – SELL

Besides a ‘Double top chart pattern’ chart formation is discovered. The chart picture shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.87895 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.88251 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.88251 – 0.88396 – 0.88391 – 0.87951 – 0.87975 – 0.87895 —
0.88191 – 0.88058 —
49.19990373606 – 41.914797235085 —
– —
0.88251 – 1763672400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Double top chart pattern – – – – – – – –