EUR/GBP – 30M – SELL

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

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

Caution: A possible change in the direction of the resistance zone at 0.86476 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.86336 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.86476 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.86476 – 0.86446 – 0.86363 – 0.8633 – 0.86252 – 0.86221 —
0.86401 – 0.86407 —
51.970225203616 – 53.987048860109 —
– —
0.86476 – 1777921200

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