EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards
A descent down to the next support at 0.82815 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.83281 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Harami’ chart pattern is existing. The chart forms ‘Bearish Harami’. 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 Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83386 |
| 2nd High | 0.83314 |
| Next High | 0.83281 |
| Current Price | 0.82953 |
| Next Low | 0.82815 |
| 2nd Low | 0.82746 |
| 3rd Low | 0.82705 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Harami