EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the descending trendline down.

A continuation of the downtrend down to the next support level at 0.85456 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.85685 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.85685 – 0.85737 – 0.85738 – 0.85544 – 0.85456 – 0.86065 —
0.85683 – 0.85578 —
47.979764038655 – 33.371531896609 —
– —
0.85685 – 1783321200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – – – – – – – – –