EUR/GBP – 1H – SELL

Then a ‘Double top chart pattern’ chart layout is found. The chart picture shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.85770 is certain.

Caution: A possible change in the direction of the resistance line at 0.86371 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish 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%.

0.86371 – 0.86699 – 0.85969 – 0.86042 – 0.85770 – 0.85567 — 27.333992704495 – 22.277466486674 — 11.108781493518 – 0 – 24.077641722651 – 11.326600738489

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Double top chart pattern – –