EUR/GBP – 4H – SELL

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

A continuation of the downward movement down to the next support level at is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.87227 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. 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 is certain. Current target is 0.867575 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.87227 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.87227 – 0.87217 – 0.87402 – 0.86841 – 0.86855 – 0.86364 —
0.87111 – 0.87197 —
52.326173617741 – 56.301292272416 —
– —
0.87227 – 1776427200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –