EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) moves from the bullish trendline down.

A descending movement down to the next support line at 0.86273 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.86487 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘MACD Hidden Bearish Divergence’ indicator signal is discovered. The indicator is ‘MACD Hidden Bearish Divergence’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.86487 – 0.86418 – 0.86476 – 0.86273 – 0.86227 – 0.86327 —
0.86487 – 0.86461 —
65.164080533437 – 57.396002145308 —
0.86487 – 1778072400 —
– 1778072400

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