EUR/GBP – 4H – SELL

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.86417204 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.87227 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.87227 – 0.87217 – 0.87402 – 0.86841 – 0.86855 – 0.86364 —
0.86970 – 0.86750 —
38.404486045926 – 31.11056885528 —
– —
0.87227 – 1776427200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –