EUR/GBP – 1H – BUY

Then a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

Then a ‘Double top chart pattern’ chart layout is found. The chart shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.

0.84182 – 0.84489 – 0.84588 – 0.83970 – 0.84048 – 0.83933

Download EUR/GBP Signal Image

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