EUR/GBP – 4H – SELL

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.87617 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.88396 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.88396 – 0.8865 – 0.88291 – 0.87797 – 0.87895 – 0.87665 —
0.88085 – 0.87983 —
49.152720388441 – 41.804685362235 —
– —
0.88396 – 1763596800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Double bottom chart pattern – – – – – – – –