EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the descending trendline downwards

A continuation of the downward movement down to the next support at 0.86252 is certain.

Caution: A possible change in the direction of the resistance line at 0.86418 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ” indicator signal is detected. The indicator is ”. this is usually a bearish chart scenario. The currency pair is likely to fall.

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In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.86418 – 0.86476 – 0.86446 – 0.86327 – 0.8633 – 0.86252 —
0.86418 – 0.86322 —
55.810622161235 – 34.424508383529 —
0.86418 – 1777971600 —
– 1777971600

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