EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.87234 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

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

Additionally a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.87234 – 0.87198 – 0.87412 – 0.86824 – 0.86854 – 0.86938 —
0.87143 – 0.87119 —
56.120699240224 – 52.712551949024 —
– —
0.87234 – 1770775200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Double bottom retreat down – – – – – – – –