EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the downward movement down to the next support at 0.86221 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.86403 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘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 chance of ‘Bearish Engulfing’ going down is 79%.

0.86403 – 0.86657 – 0.86735 – 0.86221 – 0.86196 – 0.86166 —
0.86348 – 0.86363 —
53.751425740937 – 53.576165041041 —
– —
0.86403 – 1777656600

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