EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 0.85324 will continue.

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

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.85685 – 0.85737 – 0.85738 – 0.85324 – 0.85544 – 0.85456 —
0.85444 – 0.85447 —
42.94638944227 – 49.073381296005 —
– —
0.85685 – 1783321200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –