EUR/GBP – 4H – SELL

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.87644 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.8865 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ candle chart pattern is found. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.8865 – 0.88291 – 0.88171 – 0.87895 – 0.87665 – 0.87617 —
0.88154 – 0.88323 —
50.02135544943 – 52.1481970609 —
– —
0.88650 – 1763107200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Double bottom chart pattern – – – –