EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.

A bearish trend downwards to the next support line at 0.86252 will continue.

Caution: A possible change in the direction of resistance at 0.86446 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.86446 – 0.86363 – 0.86403 – 0.86252 – 0.86221 – 0.86196 —
0.86415 – 0.86441 —
47.883420335229 – 61.020585196715 —
– —
0.86446 – 1777899600

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