EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support level at will persist.

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

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.87122 – 0.87011 – 0.87136 – 0.86893 – 0.86865 – 0.86841 —
0.87190 – 0.87055 —
53.822789013272 – 45.814948133911 —
– —
0.87122 – 1776358800

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