EUR/GBP – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

The pair Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards

A bearish descent down to the next support line at will persist.

Caution: A possible trend reversal in the direction of resistance at 0.86817 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish 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 will persist. Current target is 0.8653 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.86817 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.86817 – 0.86597 – 0.86507 – 0.86434 – 0.86404 – 0.8629 —
0.86802 – 0.86753 —
61.534194966084 – 54.327371994561 —
– —
0.86817 – 1781820000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –