EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the downward movement down to the next support at 0.86844 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.87007 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.87007 – 0.8698 – 0.87112 – 0.86844 – 0.86855 – 0.86932 —
0.86912 – 0.86891 —
45.098062056419 – 37.924726810023 —
– —
0.87007 – 1772755200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Belt Hold – – – – – – – – –