EUR/GBP – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A bearish trend downwards to the next support level at 0.86526 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.86793 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.86578316 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.86793 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which 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’ heading down is 82%.

0.86793 – 0.86784 – 0.86729 – 0.86526 – 0.86565 – 0.86512 —
0.86748 – 0.86713 —
56.952231664159 – 44.983850705115 —
– —
0.86793 – 1768528800

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