EUR/GBP – 4H – SELL

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.86166 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.86779 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which 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 ‘Three Black Crows’ heading down is 82%.

0.86779 – 0.86823 – 0.87227 – 0.86166 – 0.86503 – 0.86841 —
0.86363 – 0.86409 —
35.395748378658 – 45.523982338738 —
– —
0.86779 – 1777377600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – – – – – – – – –