EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support at 0.86524 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86748 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.86748 – 0.86691 – 0.86707 – 0.86524 – 0.86495 – 0.86492 —
0.86726 – 0.86661 —
60.167411859125 – 44.418739206006 —
– —
0.86748 – 1769776200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –