EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.

A bearish trend down to the next support at is expected.

Caution: A possible counter-trend in the direction of resistance at 0.86539 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.86539 – 0.86366 – 0.86567 – 0.86164 – 0.86196 – 0.86166 —
0.86365 – 0.86351 —
40.916810007942 – 49.635401325594 —
0.86164 – 1773619200 —
0.86539 – 1773417600

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