EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.86695 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.86968 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

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

0.86968 – 0.87085 – 0.87089 – 0.86924 – 0.86941 – 0.87084 —
0.86841 – 0.86802 —
51.335167799647 – 48.978061200583 —
– —
0.86968 – 1769389200

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