EUR/GBP – 30M – SELL

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

A continuation of the downward movement down to the next support level at 0.86485 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.87156 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.86485 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.87156 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency 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 – 0.86824 – 0.86485 – 0.86814 – 0.8679 —
0.86655 – 0.86648 —
47.268902833952 – 45.332293598006 —
– —
0.87156 – 1769553000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –