EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards

A bearish trend downwards to the next support line at 0.86435 will continue.

Caution: A possible change in the direction of resistance at 0.86765 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.86765 – 0.87007 – 0.87112 – 0.86435 – 0.86253 – 0.86844 —
0.86530 – 0.86535 —
42.750350870623 – 44.87803413314 —
– —
0.86765 – 1773046800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – – – – – –