EUR/GBP – 4H – SELL

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

A descending movement down to the next support line at 0.87064 is considered certain.

Caution: A possible change in the direction of resistance at 0.87512 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘3 Stars In The South’ chart pattern is detected. The candles show ‘3 Stars In The South’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘3 Stars In The South’ heading up is 86% (Bull Market) & 100% (Bear Market).

0.87512 – 0.87487 – 0.8721 – 0.87064 – 0.87246 – 0.86856 —
0.87545 – 0.87785 —
67.143133654217 – 61.034729810435 —
– —
0.87512 – 1771516800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – 3 Stars In The South – – – – – – – – –