EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support at 0.87064 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.87312 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.87312 – 0.87427 – 0.87444 – 0.87064 – 0.8707 – 0.87283 —
0.87158 – 0.87226 —
42.905556203073 – 59.321954746479 —
– —
0.87312 – 1772010000

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