EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.86583 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.86652 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Shooting Star’ candlestick pattern is existing. The chart forms ‘Shooting Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

0.86652 – 0.86823 – 0.86777 – 0.86583 – 0.86503 – 0.8667 —
0.86638 – 0.86667 —
49.387829389604 – 51.876081545147 —
– —
0.86652 – 1777260600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Shooting Star – Rising Wedge Chart Pattern – – – – – – – –