EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards

A bearish trend down to the next support line at 0.86330 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.86446 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.86294654 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.86446 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.86446 – 0.86363 – 0.86403 – 0.86330 – 0.86252 – 0.86221 —
0.86373 – 0.86462 —
46.573133263845 – 62.573175057287 —
0.86330 – 1777906800 —
0.86446 – 1777899600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –