EUR/GBP – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A descending movement downwards to the next support level at 0.86181 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86395 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

0.86395 – 0.86371 – 0.86400 – 0.86181 – 0.86283 – 0.86054 — 50.681136666278 – 47.434816488894 — 41.861754802931 – 23.323430382254 – 51.249092229484 – 39.898329702251

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