EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline downwards

A descending movement down to the next support line at 0.8636 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.86453 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.86453 – 0.86486 – 0.86487 – 0.8636 – 0.86334 – 0.86273 —
0.86547 – 0.86547 —
65.479958870179 – 62.563189099475 —
– —
0.86453 – 1778157000

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