EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.82220 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.83072 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.8272 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.83072 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Harami’ candlestick chart pattern is detected. The chart forms ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Download EUR/GBP Signal Image

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