EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.

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

Caution: A possible trend reversal in the direction of resistance at 0.86495 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Tweezers Top’ candlestick chart pattern is existing. The candles form ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. 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).

0.86495 – 0.86737 – 0.86667 – 0.86307 – 0.86342 – 0.866 —
0.86422 – 0.86423 —
43.992664212478 – 54.216265013431 —
– —
0.86495 – 1780398000

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