EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards

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

Caution: A possible counter-trend in the direction of the resistance line at 0.86823 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

And also a ‘Three Inside Down’ candlestick pattern is existing. The chart forms ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.86823 – 0.86777 – 0.86783 – 0.86503 – 0.86531 – 0.86636 —
0.86623 – 0.86679 —
41.991008308294 – 53.41566700051 —
– —
0.86823 – 1777039200

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