EUR/GBP – 1H – SELL

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

A bearish descent downwards to the next support at 0.86185 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.86437 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Tweezers Top’ candlestick pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.86437 – 0.86335 – 0.86328 – 0.86185 – 0.86239 – 0.86194 —
0.86295 – 0.86341 —
45.466431381354 – 55.977071332316 —
– —
0.86437 – 1781200800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top – – – – – – – – –