EUR/GBP – 30M – SELL

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.86414 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.86567 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Last Engulfing Bottom:’ candle chart pattern is discovered. The candles form ‘Last Engulfing Bottom:’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

0.86567 – 0.86576 – 0.86605 – 0.8644 – 0.86458 – 0.86414 —
0.86451 – 0.86438 —
36.638233451611 – 40.601672206483 —
– —
0.86567 – 1773223200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Last Engulfing Bottom: – – – – – – – – –