EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 0.85607 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.85738 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.85456 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.85738 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.85738 – 0.86175 – 0.86238 – 0.85607 – 0.85456 – 0.85635 —
0.85669 – 0.85640 —
48.040791637943 – 46.844489850943 —
– —
0.85738 – 1783006200

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