EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.86252 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.86363 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.86363 – 0.86403 – 0.86657 – 0.86252 – 0.86221 – 0.86196 —
0.86386 – 0.86414 —
60.989918438663 – 59.551514969709 —
– —
0.86363 – 1777858200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –