EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.87544 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.88176 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.88176 – 0.87891 – 0.87983 – 0.87544 – 0.87651 – 0.87861 —
0.87630 – 0.87672 —
39.439543517043 – 42.77688084072 —
– —
0.88176 – 1764165600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – – – – – –