EUR/GBP – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

The pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards

A bearish descent downwards to the next support level at 0.86752 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.86996 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.867035 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.86996 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.86996 – 0.86977 – 0.86869 – 0.86752 – 0.8672 – 0.86575 —
0.86892 – 0.86889 —
49.431924147362 – 48.247616380224 —
– —
0.86996 – 1774926000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –