EUR/GBP – 1H – SELL

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

A bearish descent down to the next support line at 0.86923 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.87122 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.87122 – 0.87011 – 0.87136 – 0.86923 – 0.86893 – 0.86865 —
0.87122 – 0.87116 —
53.220219359295 – 51.164322500905 —
– —
0.87122 – 1776358800

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