EUR/GBP – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.86531 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.86823 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. 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 Engulfing’ going down is 79%.

0.86823 – 0.86777 – 0.86783 – 0.86531 – 0.86636 – 0.87002 —
0.86743 – 0.86626 —
45.994624955739 – 38.020172995653 —
– —
0.86823 – 1777039200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – – – – – – – – –