EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) goes from the ascending trendline downwards

A descent downwards to the next support line at 0.86503 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.86823 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.86823 – 0.86777 – 0.86776 – 0.86503 – 0.8667 – 0.86678 —
0.86634 – 0.86639 —
39.322325666948 – 42.152269737666 —
– —
0.86823 – 1777041000

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