EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at 0.8633 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.86476 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.86336 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.86476 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a positive pattern 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 —
0.86416 – 0.86414 —
55.126120918488 – 55.26218276472 —
– —
0.86476 – 1777921200

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