EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) moves from the bullish trendline downwards
The bearish trend down to the next support line at 0.82705 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.83046 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83272 |
| 2nd High | 0.83141 |
| Next High | 0.83046 |
| Current Price | 0.82966 |
| Next Low | 0.82705 |
| 2nd Low | 0.82220 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing