EUR/GBP – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 0.87131 is certain.

Caution: A possible change in the direction of the resistance level at 0.87266 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.8716992 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.87266 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. this 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 success rate of a ‘Three Black Crows’ heading down is 82%.

0.87266 – 0.8729 – 0.87338 – 0.87131 – 0.87157 – 0.87179 —
0.87220 – 0.87241 —
51.091638379085 – 54.274834149797 —
– —
0.87266 – 1775509200

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