EUR/GBP – 30M – SELL

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

A bearish movement down to the next support line at 0.85078 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.85662 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this 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 chance of ‘Three Black Crows’ heading down is 82%.

0.85391 – 0.85367 – 0.85364 – 0.85078 – 0.85104 – 0.85163

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Double bottom retreat down