EUR/GBP – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.86364 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.87227 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Matching Low’ candle pattern is discovered. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.87227 – 0.87217 – 0.87402 – 0.86841 – 0.86855 – 0.86364 —
0.86750 – 0.86769 —
31.110568929957 – 38.540571894853 —
– —
0.87227 – 1776427200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Rising Wedge Chart Pattern – – – – – – – –