EUR/GBP – 30M – SELL

Next a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.86208 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 0.86366 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.86366 – 0.86567 – 0.86576 – 0.86208 – 0.8644 – 0.86458 —
0.86310 – 0.86306 —
48.913135859047 – 50.53494255726 —
– —
0.86366 – 1773306000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – – – – – –