EUR/GBP – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.86503 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.86779 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI Hidden Bearish Divergence’ indicator signal is existing. The indicator is ‘StochRSI Hidden Bearish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar tendiert eventuell nach unten.

In addition a ‘Three Inside Down’ candle chart pattern is detected. The candles show ‘Three Inside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.86779 – 0.86823 – 0.87227 – 0.86503 – 0.86841 – 0.86855 —
0.86668 – 0.86626 —
42.745884660677 – 43.49549584771 —
– —
0.86779 – 1777377600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –