EUR/GBP – 30M – SELL

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

A continuation of the downward movement down to the next support level at 0.82720 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.82988 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download EUR/GBP Signal Image

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