EUR/GBP – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.86414 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.86605 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.86605 – 0.86765 – 0.87007 – 0.86414 – 0.86435 – 0.86253 —
0.86560 – 0.86529 —
44.678495604138 – 45.17078514053 —
– —
0.86605 – 1773147600

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