EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.8717 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.8717 – 0.87234 – 0.87198 – 0.86936 – 0.86824 – 0.86854 —
0.87169 – 0.87187 —
57.194962440532 – 47.078530131192 —
– —
0.8717 – 1770858000

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