EUR/GBP – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.86194 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.86335 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency 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%.

0.86335 – 0.86328 – 0.86468 – 0.86218 – 0.86194 – 0.86209 —
0.86314 – 0.86288 —
54.605676470034 – 47.952832806858 —
– —
0.86335 – 1781143200

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