EUR/GBP – 4H – SELL

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.87194034 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.87487 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Bearish Harami’ candle chart pattern is existing. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.87487 – 0.8721 – 0.87412 – 0.86856 – 0.86824 – 0.86118 —
0.87364 – 0.87494 —
53.603118075186 – 60.273859248473 —
– —
0.87487 – 1771344000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Harami – Double bottom chart pattern – – – – – – – –