EUR/GBP – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.86568 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.86805 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.866255 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.86805 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.86805 – 0.86817 – 0.86597 – 0.86568 – 0.86634 – 0.86479 —
0.86745 – 0.86786 —
50.137544675896 – 52.12737124609 —
– —
0.86805 – 1781854200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – – – – – – – – –