EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.85641 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.85410 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85830 |
| 2nd High | 0.85649 |
| Next High | 0.85641 |
| Current Price | 0.85567 |
| Next Low | 0.85410 |
| 2nd Low | 0.85099 |
| 3rd Low | 0.85098 |
0.85641 – 0.85584 – 0.85593 – 0.85410 – 0.85099 – 0.85098
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji