EUR/GBP – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.86596 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

There is also a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.86437 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.86596 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.86596 – 0.87085 – 0.87248 – 0.86437 – 0.86523 – 0.86992 —
0.86532 – 0.86602 —
28.517134317515 – 54.557762875968 —
0.86437 – 1767697200 —
0.86596 – 1767690000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – – – – – – – –