EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 0.86878 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.86994 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘MACD Hidden Bearish Divergence’ indicator layout is discovered. The indicator is ‘MACD Hidden Bearish Divergence’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.86878 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.86994 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.86994 – 0.87187 – 0.8721 – 0.86878 – 0.87 – 0.86936 —
0.86994 – 0.86977 —
50.34433526202 – 45.147782742273 —
0.86994 – 1771219800 —
– 1771219800

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