EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) goes from the ascending trendline downwards
The bearish trend down to the next support at 0.86384 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.86826 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.
Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Then a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86938 |
| 2nd High | 0.86864 |
| Next High | 0.86826 |
| Current Price | 0.86500 |
| Next Low | 0.86384 |
| 2nd Low | 0.8635 |
| 3rd Low | 0.86147 |
0.86553 – 0.86551 – 0.86826 – 0.86384 – 0.864 – 0.86486 — 52.489361580361 – 50.255215782163 — 66.771050921315 – 57.703441897915 – 54.380332289987 – 62.137950148155
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Triple top chart pattern – –