EUR/GBP – 4H – SELL

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.86443 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.86863 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Below The Stomach’ candlestick chart pattern is detected. The candles show ‘Below The Stomach’. 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 success rate of a ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).

0.86863 – 0.86516 – 0.86559 – 0.86023 – 0.86185 – 0.86267 —
0.86245 – 0.86505 —
39.528852468549 – 62.486325308619 —
– —
0.86863 – 1782086700

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Below The Stomach – Rising Wedge Chart Pattern – – – – – – – –