EUR/GBP – 1H – SELL

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

A descent down to the next support line at is expected.

Caution: A possible change in the direction of the resistance level at 0.87983 could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.87983 – 0.88195 – 0.88307 – 0.87651 – 0.87797 – 0.87951 —
0.87888 – 0.87944 —
49.164140515559 – 51.05710697731 —
– —
0.87983 – 1764079200

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