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 at 0.8665 will persist.

Caution: A possible change in the direction of the resistance level at 0.87089 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative 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 will persist. Target of the current trend is 0.86695 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.87089 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 – – – – – – – – –