EUR/GBP – 30M – SELL

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

The bearish trend down to the next support at 0.85770 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.85969 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.85894 – 0.85969 – 0.85875 – 0.85770 – 0.85703 – 0.85567

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Rising Wedge Chart Pattern