EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at will continue.

Caution: A possible change in the direction of the resistance zone at 0.86823 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Three Inside Down’ candle pattern is discovered. The chart shows ‘Three Inside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.86823 – 0.86777 – 0.86783 – 0.86503 – 0.86531 – 0.86636 —
0.86652 – 0.86701 —
44.105101039862 – 56.690698909262 —
– —
0.86823 – 1777039200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Inside Down – – – – – – – – –