EUR/GBP – 4H – SELL

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

A continuation of the downward movement downwards to the next support at 0.86503 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.86779 could happen.
Consider stop-loss settings accordingly.

And also a ” indicator layout is existing. The indicator shows ”. which could be a negative chart scenario. The pair is likely to go down.

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And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.86779 – 0.86823 – 0.87227 – 0.86503 – 0.86841 – 0.86855 —
0.86657 – 0.86651 —
42.745886375647 – 42.8843265334 —
– —
0.86779 – 1777377600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –