EUR/GBP – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.86561 is certain.

Caution: A possible change in the direction of the resistance zone at 0.86735 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.86735 – 0.86703 – 0.86779 – 0.86561 – 0.86613 – 0.86589 —
0.86635 – 0.86626 —
36.282790403874 – 44.896159037647 —
0.86561 – 1777507200 —
0.86735 – 1777480200

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