EUR/GBP – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.8643136 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.86487 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Tweezers Top’ candle pattern is discovered. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.86487 – 0.86389 – 0.86368 – 0.86273 – 0.86227 – 0.86327 —
0.86392 – 0.86462 —
46.970190626382 – 63.871189947819 —
– —
0.86487 – 1778074200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top – – – – – – – – –