EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards

The bearish trend downwards to the next support line at 0.86404 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.86507 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘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’ heading down is 79%.

0.86507 – 0.86516 – 0.86442 – 0.86404 – 0.8629 – 0.86243 —
0.86555 – 0.86539 —
56.923390354246 – 62.002918429072 —
– —
0.86507 – 1781614800

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