EUR/GBP – 30M – SELL

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.86662 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.87132 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.86935 – 0.87132 – 0.87206 – 0.86724 – 0.86942 – 0.86118 —
0.86811 – 0.86939 —
42.694302491191 – 61.54676807704 —
– —
0.86935 – 1770393600

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