EUR/GBP – 1H – SELL

And also a ‘Double top chart pattern’ chart layout is existing. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.

The currency pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards

A descending movement down to the next support line at 0.86565 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.86729 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.86729 – 0.86741 – 0.86922 – 0.86565 – 0.86512 – 0.8663 —
0.86639 – 0.86666 —
46.900444149289 – 50.356494625072 —
– —
0.86729 – 1768417200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Double top chart pattern – – – – – – – –