EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 0.86844 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.87007 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Inside Down’ candle chart pattern is detected. The candles form ‘Three Inside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.87007 – 0.87112 – 0.87118 – 0.86844 – 0.86932 – 0.86852 —
0.86891 – 0.86772 —
40.988930611632 – 39.880786809672 —
– —
0.87007 – 1772755200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Inside Down – Symmetrical Triangle Chart Pattern – – – – – – – –