EUR/GBP – 4H – SELL

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

A continuation of the downtrend downwards to the next support at 0.86118 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.87412 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.86765 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.87412 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.87412 – 0.87206 – 0.86748 – 0.86118 – 0.86485 – 0.86576 —
0.87175 – 0.87154 —
59.236310325548 – 55.654285371822 —
– —
0.87412 – 1770652800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – Rising Wedge Chart Pattern – – – – – – – –