EUR/GBP – 1H – SELL

Also there is a ‘Double top chart pattern’ chart pattern is discovered. The chart picture forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards

A bearish trend down to the next support line at 0.87251 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.88176 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Tweezers Top’ candlestick pattern is found. The candles form ‘Tweezers Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.88176 – 0.87983 – 0.88195 – 0.87651 – 0.87797 – 0.87951 —
0.87601 – 0.87573 —
37.342497944973 – 40.199107062018 —
– —
0.88176 – 1764165600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top – Double top chart pattern – – – – – – – –