EUR/GBP – 4H – SELL

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.8707534 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.87889 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.87889 – 0.87512 – 0.87487 – 0.87064 – 0.87246 – 0.86856 —
0.87788 – 0.87304 —
62.565297324131 – 45.490189890375 —
– —
0.87889 – 1772208000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – – – – – – – – –