EUR/GBP – 30M – SELL

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

A descending movement down to the next support line at 0.86678 is certain.

Caution: A possible change in the direction of the resistance line at 0.86777 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.86777 – 0.86776 – 0.86783 – 0.86678 – 0.86531 – 0.86636 —
0.86751 – 0.86823 —
46.404343184721 – 62.170043834161 —
– —
0.86777 – 1776992400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – – – – – – – – –