EUR/GBP – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.87064 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.87312 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish 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’ going down is 79%.

0.87312 – 0.87266 – 0.87427 – 0.87064 – 0.87071 – 0.8707 —
0.87110 – 0.87157 —
42.107451546685 – 48.217846009693 —
0.87064 – 1772064000 —
0.87312 – 1772011800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –