EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support at 0.86166 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.86366 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Last Engulfing Top’ candle pattern is existing. The candles form ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.86366 – 0.86567 – 0.86605 – 0.86166 – 0.86208 – 0.86414 —
0.86325 – 0.86299 —
51.630567144975 – 49.44437665211 —
– —
0.86366 – 1773306000

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