EUR/GBP – 30M – SELL

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

A bearish movement downwards to the next support line at 0.86757 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 0.87085 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ” indicator layout is discovered. The indicator shows ”. this is usually a bullish signal. The pair is likely to go up.

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Besides a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.

Besides a ‘Falling Window’ candlestick pattern is detected. The chart shows ‘Falling Window’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

0.87085 – 0.87248 – 0.87247 – 0.86992 – 0.87001 – 0.87146 —
0.86832 – 0.86767 —
20.93731228161 – 31.336196609856 —
– —
0.87085 – 1767607200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Falling Window – Double bottom chart pattern – – – – – – – –