EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) goes from the ascending trendline down.

A descent downwards to the next support at 0.86185 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.86437 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.8625455 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.86437 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.86437 – 0.86335 – 0.86328 – 0.86185 – 0.86239 – 0.86194 —
0.86360 – 0.86442 —
46.037031922706 – 61.234150413686 —
– —
0.86437 – 1781200800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – – – – – – – – –