EUR/GBP – 1H – SELL

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

A continuation of the downward movement down to the next support line at 0.86414 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.86605 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

Next a ‘Tweezers Top’ candle chart pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.86605 – 0.86765 – 0.87007 – 0.86414 – 0.86435 – 0.86253 —
0.86561 – 0.86544 —
50.295050468518 – 46.867446811532 —
– —
0.86605 – 1773147600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top – – – – – – – – –