EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at is certain.

Caution: A possible change in the direction of resistance at 0.86994 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.86994 – 0.87187 – 0.8721 – 0.86864 – 0.86878 – 0.87 —
0.86901 – 0.86978 —
36.968069969241 – 51.706659178272 —
– —
0.86994 – 1771219800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –