EUR/GBP – 1H – SELL

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

A bearish descent down to the next support level at 0.87251 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.87983 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.87983 – 0.88195 – 0.88307 – 0.87651 – 0.87797 – 0.87951 —
0.87932 – 0.87672 —
58.889170611667 – 40.671352083686 —
– —
0.87983 – 1764079200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –