EUR/GBP – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.87453 will continue.

Caution: A possible change in the direction of the resistance line at 0.87698 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Inside Down’ chart pattern is discovered. The candles show ‘Three Inside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.87698 – 0.88176 – 0.87983 – 0.87453 – 0.87651 – 0.87797 —
0.87597 – 0.87595 —
40.15559588503 – 49.182387355586 —
– —
0.87698 – 1764237600

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