EUR/GBP – 30M – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

The combination Euro/British Pound (EUR/GBP) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.86932 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.87118 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.87118 – 0.87121 – 0.87389 – 0.86932 – 0.86852 – 0.86863 —
0.87050 – 0.87052 —
55.027734583001 – 44.914284676757 —
– —
0.87118 – 1772650800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –