EUR/GBP – 30M – SELL

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.8804623 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.88396 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.88396 – 0.88391 – 0.88233 – 0.87951 – 0.88094 – 0.88071 —
0.88229 – 0.88189 —
57.546378677687 – 53.519688439074 —
– —
0.88396 – 1763600400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – –