EUR/GBP – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.86414 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.86605 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Separating Lines’ candle pattern is detected. The candles form ‘Bearish Separating Lines’. 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 ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).

0.86605 – 0.86765 – 0.87007 – 0.86414 – 0.86435 – 0.86253 —
0.86544 – 0.86504 —
46.867446940832 – 47.384679275686 —
– —
0.86605 – 1773147600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Separating Lines – – – – – – – – –