A bearish trade opportunity recently presented itself on the euro-pound trading chart 📉.
This is indicated by the bearish harami candlestick pattern just below the 0.86767 horizontal resistance level.
This shows a rejection of the same resistance level, with potential price move in the downward ⬇️ 👇 direction; even though the wicks of the two preceding candlesticks overshot the resistance level.
Sufficient downward momentum should see price dumping towards the 0.85500 psychological level and possibly testing the strength of the 0.85239 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
This is indicated by the bearish harami candlestick pattern just below the 0.86767 horizontal resistance level.
This shows a rejection of the same resistance level, with potential price move in the downward ⬇️ 👇 direction; even though the wicks of the two preceding candlesticks overshot the resistance level.
Sufficient downward momentum should see price dumping towards the 0.85500 psychological level and possibly testing the strength of the 0.85239 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
