EUR/GBP – 30M – SELL

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

A bearish descent downwards to the next support line at 0.86936 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.8721 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Three Outside Down’ candle chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.8721 – 0.87171 – 0.87143 – 0.86936 – 0.87048 – 0.86824 —
0.87094 – 0.87182 —
36.797010607924 – 59.545119556154 —
– —
0.8721 – 1770969600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – – – – – –