EUR/GBP – 30M – SELL

Also there is a ‘Double top chart pattern’ chart formation is existing. The chart picture shows ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.86973412 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.87234 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.87234 – 0.87198 – 0.87412 – 0.87095 – 0.86854 – 0.86938 —
0.87168 – 0.87170 —
50.993686291416 – 47.626602905274 —
– —
0.87234 – 1770777000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Double top chart pattern – – – – – – – –