EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance line at 0.85662 will continue.

Caution: A possible change in the direction of support at 0.85078 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.85391 – 0.85364 – 0.85379 – 0.85078 – 0.85163 – 0.85122

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down