EUR/GBP – 30M – SELL

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

A descent downwards to the next support at 0.87453 is certain.

Caution: A possible change in the direction of the resistance line at 0.87733 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.87644 – 0.87577 – 0.87304 – 0.87453 – 0.87141 – 0.87064 —
0.87754 – 0.87729 —
68.243797606362 – 55.22911735813 —
– —
0.87644 – 1772182800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – – – – – – – – –