EUR/GBP – 4H – SELL

The pair Euro/British Pound (EUR/GBP) moves from the bearish trendline down.

A continuation of the downward movement down to the next support at 0.86118 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.86748 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.86748 – 0.87156 – 0.87451 – 0.86118 – 0.86485 – 0.86576 —
0.86480 – 0.87132 —
51.637716956925 – 71.12748896043 —
– —
0.86748 – 1769774400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – – – – – – – – –