EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards
The bearish trend down to the next support line at 0.82857 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.83249 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Harami’ candle chart pattern is found. The chart forms ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83281 |
| Next High | 0.83249 |
| Current Price | 0.83228 |
| Next Low | 0.82857 |
| 2nd Low | 0.82850 |
| 3rd Low | 0.82742 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Harami