EUR/GBP – 1H – SELL

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

The bearish trend downwards to the next support at 0.86568 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.86817 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.86817 – 0.86597 – 0.86507 – 0.86568 – 0.86434 – 0.86404 —
0.86733 – 0.86797 —
51.107709067102 – 58.512279135041 —
– —
0.86817 – 1781820000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – – – – – –