EUR/GBP – 1H – SELLThe combination Euro/British Pound (EUR/GBP) jumps from the bullish trendline downwards
A bearish trend down to the next support line at 0.82220 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.82988 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Harami’ chart pattern is discovered. The chart forms ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83281 |
| Next High | 0.82988 |
| Current Price | 0.82661 |
| Next Low | 0.82220 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Harami