EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the descending trendline down.

A continuation of the downward movement downwards to the next support at 0.85456 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.85738 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.85738 – 0.86175 – 0.86238 – 0.85456 – 0.86065 – 0.86056 —
0.85682 – 0.85647 —
48.499119317574 – 44.287311508827 —
– —
0.85738 – 1783004400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –