EUR/GBP – 1H – SELL

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

A bearish trend down to the next support level at is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.82851 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.82663 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.82851 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download EUR/GBP Signal Image

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