EUR/GBP – 4H – SELL

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

The bearish trend downwards to the next support line at will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.86235 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

0.86235 – 0.86164 – 0.87377 – 0.85250 – 0.85189 – 0.83224

Download EUR/GBP Signal Image

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