EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.86336 could happen.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.86336 – 0.86366 – 0.86567 – 0.86166 – 0.86208 – 0.8644 —
0.86272 – 0.86291 —
48.192067969636 – 52.472747878536 —
– —
0.86336 – 1773342000

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