EUR/GBP – 1H – SELL

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.84759642 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.85442 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.85442 – 0.85405 – 0.85404 – 0.84545 – 0.85172 – 0.85175 —
0.85111 – 0.85092 —
73.206699608811 – 62.347706237939 —
– —
0.85442 – 1784044800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – – – – – –