EUR/GBP – 30M – SELL

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.86503 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.86706 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.86706 – 0.86652 – 0.86823 – 0.86583 – 0.86503 – 0.8667 —
0.86614 – 0.86597 —
38.851153488868 – 43.562281533088 —
– —
0.86706 – 1777287600

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