EUR/GBP – 30M – SELL

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.86267 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 0.86468 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.86468 – 0.8651 – 0.8646 – 0.86269 – 0.86374 – 0.8632 —
0.86356 – 0.86342 —
39.947489355995 – 45.302861787494 —
– —
0.86468 – 1780974000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –