EUR/GBP – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.86531 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.86777 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.86777 – 0.86783 – 0.87197 – 0.86531 – 0.86636 – 0.87002 —
0.86741 – 0.86713 —
39.122391999711 – 42.175914594935 —
– —
0.86777 – 1776992400

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