EUR/GBP – 30M – SELL

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

A continuation of the downtrend down to the next support line at 0.8633 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.86446 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Then a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.86446 – 0.86363 – 0.86403 – 0.8633 – 0.86252 – 0.86221 —
0.86441 – 0.86416 —
61.020585604869 – 55.126121421845 —
– —
0.86446 – 1777899600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Belt Hold – – – – – – – – –