EUR/GBP – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.86166 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.86657 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.86657 – 0.86735 – 0.86779 – 0.86166 – 0.86589 – 0.8653 —
0.86252 – 0.86325 —
28.805643792917 – 47.302276559981 —
– —
0.86657 – 1777557600

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