EUR/GBP – 30M – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the downtrend downwards to the next support line at 0.8633 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.86476 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.86476 – 0.86446 – 0.86363 – 0.8633 – 0.86252 – 0.86221 —
0.86390 – 0.86408 —
42.351561053208 – 53.713089233044 —
– —
0.86476 – 1777921200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –