EUR/GBP – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.85456 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.85738 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Last Engulfing Bottom:’ candlestick pattern is found. The candles show ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.85738 – 0.86175 – 0.86238 – 0.85456 – 0.85635 – 0.85654 —
0.85654 – 0.85636 —
51.854262494755 – 48.243269474119 —
– —
0.85738 – 1783006200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Last Engulfing Bottom: – – – – – – – – –