EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.

A bearish trend down to the next support level at 0.86695 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.87085 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.86695 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.87085 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.87085 – 0.87089 – 0.87323 – 0.86924 – 0.86941 – 0.87084 —
0.87009 – 0.86778 —
36.386752408474 – 27.947954704399 —
– —
0.87085 – 1769157000

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