EUR/GBP – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.86839036 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.87451 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.87451 – 0.87253 – 0.87311 – 0.87084 – 0.86695 – 0.8665 —
0.87199 – 0.87077 —
41.395307574922 – 33.875234959509 —
– —
0.87451 – 1769007600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –