EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards

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

Caution: A possible change in the direction of the resistance line at 0.87156 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.870105 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.87156 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish 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’ heading down is 82%.

0.87156 – 0.87122 – 0.87011 – 0.87002 – 0.86923 – 0.86893 —
0.87114 – 0.87130 —
55.978274655106 – 49.686822803634 —
– —
0.87156 – 1776675600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –