EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support at will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.8717 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.8717 – 0.87234 – 0.87198 – 0.86824 – 0.87095 – 0.86854 —
0.87165 – 0.87103 —
60.86151843707 – 45.544096118503 —
– —
0.8717 – 1770859800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Belt Hold – Double bottom retreat down – – – – – – – –