EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline down.

A continuation of the downtrend down to the next support line at 0.86856 will persist.

Caution: A possible change in the direction of the resistance line at 0.8721 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘Last Engulfing Bottom:’ candlestick chart pattern is found. The candles form ‘Last Engulfing Bottom:’. 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 success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

0.8721 – 0.8717 – 0.87234 – 0.86856 – 0.86864 – 0.86878 —
0.86981 – 0.87251 —
53.297744686615 – 65.461024989751 —
– —
0.8721 – 1770969600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – – – – – – – –