EUR/GBP – 4H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the bullish trendline downwards

A bearish movement downwards to the next support level at is expected.

Caution: A possible change in the direction of the resistance line at 0.8865 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Also there is a ‘Bullish Engulfing’ chart pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

0.8865 – 0.88291 – 0.88171 – 0.87665 – 0.87617 – 0.86638 —
0.88292 – 0.88173 —
50.947202749941 – 47.732747116136 —
– —
0.88650 – 1763107200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Engulfing – Double bottom chart pattern – – – –