EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 0.84129 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.84819 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.84319 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.84819 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

0.84819 – 0.84919 – 0.85218 – 0.84319 – 0.84581 – 0.84955

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows