EUR/GBP – 4H – SELL

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

A bearish descent down to the next support line at 0.86118 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.87206 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout 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.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.867845 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.87206 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.87206 – 0.86748 – 0.87156 – 0.86118 – 0.86485 – 0.86576 —
0.86942 – 0.87221 —
59.514504914915 – 67.930147613833 —
– —
0.87206 – 1770307200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Double bottom chart pattern – – – – – – – –