EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.

A bearish trend downwards to the next support line at 0.84768 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.84839 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.84839 – 0.84883 – 0.84681 – 0.84768 – 0.84717 – 0.84644

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