EUR/GBP – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.86243 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.86442 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Tweezers Top’ candle chart pattern is discovered. The chart forms ‘Tweezers Top’. this 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 ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.86442 – 0.86437 – 0.86335 – 0.86243 – 0.86185 – 0.86239 —
0.86428 – 0.86395 —
69.050096758077 – 53.20574029731 —
– —
0.86442 – 1781481600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –