EUR/GBP – 1H – SELL

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

A bearish descent down to the next support at 0.86699 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.87156 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.87156 – 0.86867 – 0.86968 – 0.86699 – 0.86653 – 0.86576 —
0.86964 – 0.86932 —
58.558888531489 – 53.245490890667 —
– —
0.87156 – 1769551200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –