EUR/GBP – 1H – SELL

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

The bearish trend down to the next support level at 0.82773 is likely expected.

Caution: A possible change in the direction of resistance at 0.83119 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.826805 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.83119 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down