EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.86856 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.87389 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.87389 – 0.87871 – 0.87788 – 0.87124 – 0.87598 – 0.87453 —
0.87204 – 0.87088 —
34.99527670584 – 36.496147019335 —
– —
0.87389 – 1772533800

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