EUR/GBP – 4H – SELL

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.87644 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.88396 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.88396 – 0.8865 – 0.88291 – 0.87895 – 0.87665 – 0.87617 —
0.88323 – 0.88307 —
52.148197285401 – 53.444219464352 —
– —
0.88396 – 1763596800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Double top chart pattern – – – – – – – –