EUR/GBP – 30M – SELL

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

A continuation of the downtrend down to the next support line at 0.86437 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.86631 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.86631 – 0.86596 – 0.87085 – 0.86437 – 0.86523 – 0.86992 —
0.86617 – 0.86589 —
54.025782687448 – 47.769845361269 —
– —
0.86631 – 1767711600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –