EUR/GBP – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 0.86601 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.86793 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Next a ‘Tweezers Top’ candlestick pattern is found. The candles show ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.86793 – 0.86784 – 0.86729 – 0.86601 – 0.86526 – 0.86565 —
0.86851 – 0.86725 —
68.158051327264 – 48.22026962241 —
– —
0.86793 – 1768528800

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