EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.8679 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.87156 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.86653 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.87156 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. this 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.87156 – 0.86867 – 0.86824 – 0.86814 – 0.8679 – 0.86699 —
0.86920 – 0.86806 —
50.869008594796 – 36.348486517817 —
– —
0.87156 – 1769553000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – Inverse Head and Shoulder chart pattern – – – – – – – –