EUR/GBP – 30M – SELL

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

A descending movement downwards to the next support level at 0.87213 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.87535 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.87213 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.87535 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.87535 – 0.88012 – 0.88012 – 0.87213 – 0.87383 – 0.87367 —
0.87409 – 0.87403 —
57.036084098677 – 56.425485487554 —
– —
0.87535 – 1764847800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Double top retreat up – – – – – – – –