EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards

A descending movement downwards to the next support line at 0.85256 will persist.

Caution: A possible change in the direction of resistance at 0.85641 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

There is also a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.85641 – 0.85593 – 0.85312 – 0.85256 – 0.85311 – 0.85454

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