EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.87131 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.87245 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Tweezers Top’ candle pattern is detected. The chart forms ‘Tweezers Top’. this 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 ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.87245 – 0.87266 – 0.8729 – 0.87131 – 0.87157 – 0.87179 —
0.87219 – 0.87205 —
49.923781727835 – 50.860131288521 —
– —
0.87245 – 1775538000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top – – – – – – – – –