EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 0.86317 is expected.

Caution: A possible change in the direction of the resistance line at 0.86497 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.86417 – 0.86497 – 0.86376 – 0.86317 – 0.86331 – 0.86248 —
0.86430 – 0.86398 —
53.999089385746 – 48.181391895569 —
– —
0.86417 – 1773718200

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