EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 0.8756 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.87932 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘%K fall below 80’ indicator signal is found. The indicator is ‘%K fall below 80’. which could be a negative signal. The currency pair could go down.

Then a ‘MACD Hidden Bearish Divergence’ indicator signal is found. The indicator is ‘MACD Hidden Bearish Divergence’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.87703 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.87932 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.87932 – 0.87723 – 0.87679 – 0.8756 – 0.87477 – 0.87474 —
0.87932 – 0.87862 —
80.114640681772 – 59.073043122354 —
0.87932 – 1764585000 —
– 1764585000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – – – – – – – – –