EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards

A continuation of the downward movement down to the next support at 0.86575 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.86783 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.86783 – 0.86754 – 0.8694 – 0.86636 – 0.8689 – 0.86934 —
0.86759 – 0.86630 —
50.781647004431 – 39.55175349636 —
– —
0.86783 – 1776934800

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