EUR/GBP – 4H – SELL

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

A continuation of the downward movement downwards to the next support at 0.86364 will persist.

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.

And also a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.86823 – 0.87227 – 0.87217 – 0.86841 – 0.86855 – 0.86364 —
0.86682 – 0.86603 —
28.520151330525 – 37.081074691656 —
– —
0.86823 – 1777032000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –