EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline downwards

The bearish trend down to the next support line at 0.86601 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.86776 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.866595 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.86776 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.86776 – 0.86793 – 0.86784 – 0.86601 – 0.86526 – 0.86577 —
0.86677 – 0.86761 —
41.238822404315 – 51.532204083283 —
– —
0.86776 – 1768554000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Double top retreat up – – – – – – – –