EUR/GBP – 4H – SELL

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually 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 certain. Current target is 0.86387598 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.86811 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Two Crows’ chart pattern is existing. The chart shows ‘Two 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.86516 – 0.86559 – 0.86811 – 0.86185 – 0.86267 – 0.86307 —
0.86768 – 0.86750 —
75.372107584954 – 62.716969648875 —
– —
0.86516 – 1781524800

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