EUR/GBP – 4H – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 0.86185 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.86863 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.86863 – 0.86516 – 0.86559 – 0.86185 – 0.86267 – 0.86307 —
0.86863 – 0.86289 —
64.163300336814 – 32.159133801623 —
0.86863 – 1782086700 —
– 1782086700

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