EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.8752 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.88176 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.88176 – 0.87891 – 0.87983 – 0.8752 – 0.87544 – 0.87651 —
0.87573 – 0.87583 —
38.075171864271 – 42.334463764587 —
– —
0.88176 – 1764165600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Inverse Head and Shoulder chart pattern – – – – – – – –