EUR/GBP – 1H – SELL

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern 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’ going down is 69% (Bull Market) & 70% (Bear Market).

0.86366 – 0.86567 – 0.86605 – 0.86196 – 0.86166 – 0.86208 —
0.86311 – 0.86448 —
54.66269532671 – 61.241907352072 —
0.86196 – 1773399600 —
0.86366 – 1773306000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –