EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.87477 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.87723 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Southern Doji’ candlestick pattern is found. The candles form ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.87723 – 0.87679 – 0.87626 – 0.87477 – 0.87474 – 0.8748 —
0.87640 – 0.87668 —
49.102352418206 – 53.766360614122 —
– —
0.87723 – 1764351000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –