EUR/GBP – 30M – SELL

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

A bearish trend downwards to the next support line at 0.86118 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.87007 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

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

0.87007 – 0.8698 – 0.87112 – 0.86844 – 0.86855 – 0.86932 —
0.86814 – 0.86739 —
39.55358722469 – 37.997538261767 —
– —
0.87007 – 1772755200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Belt Hold – – – – – – – – –