EUR/GBP – 30M – SELL

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

A bearish descent downwards to the next support line at 0.86724 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.87451 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.86935 – 0.87132 – 0.87206 – 0.86724 – 0.86942 – 0.86118 —
0.87215 – 0.87394 —
61.338230726023 – 70.039174011297 —
– —
0.86935 – 1770393600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Double bottom chart pattern – – – – – – – –