EUR/GBP – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.86638 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.87085 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.87085 – 0.87248 – 0.87247 – 0.86992 – 0.87001 – 0.87146 —
0.86910 – 0.86851 —
25.708872929402 – 34.691831923107 —
– —
0.87085 – 1767607200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – – – – – – – – –