EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards

A bearish descent down to the next support level at 0.86278 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.86447 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.86447 – 0.86417 – 0.86497 – 0.86278 – 0.86344 – 0.86317 —
0.86391 – 0.86436 —
54.485537929852 – 58.165850597585 —
– —
0.86447 – 1773763200

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