EUR/GBP – 30M – SELL

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

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

Caution: A possible counter-trend in the direction of the resistance level at 0.86823 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. 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).

0.86823 – 0.86777 – 0.86776 – 0.8667 – 0.86678 – 0.86531 —
0.86823 – 0.86712 —
62.170043318054 – 44.739082243438 —
0.86823 – 1777041000 —
– 1777041000

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