EUR/GBP – 1H – SELL

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

The bearish trend down to the next support level at 0.86393 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.86716 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Matching Low’ candlestick pattern is existing. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.86716 – 0.86574 – 0.86654 – 0.86393 – 0.86454 – 0.86081 — 54.165009583016 – 53.809574252668 — 64.075510976533 – 41.73290436538 – 66.968941879048 – 58.405879384305

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Inverse Head and Shoulder chart pattern – –