EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the downward movement down to the next support at will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.86863 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.86863 – 0.86805 – 0.86817 – 0.86568 – 0.86634 – 0.86479 —
0.86820 – 0.86721 —
63.839493223682 – 46.83502903048 —
– —
0.86863 – 1782088200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – – – – – – – – –