EUR/GBP – 1H – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A continuation of the downtrend down to the next support at 0.8636 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.86557 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Southern Doji’ candlestick chart pattern is detected. The candles show ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.86557 – 0.86487 – 0.86418 – 0.8636 – 0.86273 – 0.86227 —
0.86489 – 0.86490 —
44.199852110603 – 47.458690270781 —
– —
0.86557 – 1778223600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Southern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –