EUR/GBP – 1H – SELL

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.8707 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.87312 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.87312 – 0.87427 – 0.87444 – 0.8707 – 0.87283 – 0.87272 —
0.87274 – 0.87231 —
44.357709685259 – 44.519913848054 —
– —
0.87312 – 1772010000

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