EUR/GBP – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.86393 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.86492 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.86386628 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.86492 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.86492 – 0.86557 – 0.86556 – 0.86393 – 0.86421 – 0.8636 —
0.86490 – 0.86453 —
49.79603724051 – 48.228348551269 —
– —
0.86492 – 1778254200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – – – – – – – – –