EUR/GBP – 1H – SELL

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

The bearish trend down to the next support level at 0.87116 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.87266 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.87180842 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.87266 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.87266 – 0.87338 – 0.87337 – 0.87116 – 0.87157 – 0.87118 —
0.87279 – 0.87296 —
57.123755721962 – 54.579396850171 —
– —
0.87266 – 1775509200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –