EUR/GBP – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 0.8665 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.87089 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.86695 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.87089 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.87089 – 0.87323 – 0.87451 – 0.86924 – 0.86941 – 0.87084 —
0.87068 – 0.86968 —
48.310770312909 – 31.799311723078 —
– —
0.87089 – 1769126400

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