EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.

A bearish descent downwards to the next support level at 0.8636 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.86453 should be noted.
Consider stop-loss settings accordingly.

And also a ” indicator signal is existing. The indicator shows ”. this is usually a bearish chart signal. The currency pair could go down.

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And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.86453 – 0.86486 – 0.86487 – 0.8636 – 0.86334 – 0.86273 —
0.86428 – 0.86513 —
50.789499701039 – 68.746880264856 —
– —
0.86453 – 1778157000

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