EUR/GBP – 30M – SELL

Besides a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 0.87651 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.87891 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Two Crows’ chart pattern is found. The candles form ‘Two Crows’. which is a negative 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.87891 – 0.87983 – 0.87933 – 0.87651 – 0.87861 – 0.87797 —
0.87985 – 0.87745 —
64.423026381543 – 45.439496315679 —
– —
0.87891 – 1764111600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – Double top chart pattern – – – – – – – –