EUR/GBP – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.87797 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.88307 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Tweezers Top’ candle pattern is detected. The candles show ‘Tweezers Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.88307 – 0.88251 – 0.88396 – 0.87797 – 0.87951 – 0.87975 —
0.87939 – 0.88145 —
42.648232022556 – 65.932824849647 —
– —
0.88307 – 1763715600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top – Double bottom retreat down – – – – – – – –