EUR/GBP – 1H – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.86938 is certain.
Caution: A possible counter-trend in the direction of support at 0.86321 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
There is also a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.87377 |
| Next High | 0.86938 |
| Current Price | 0.86945 |
| Next Low | 0.86321 |
| 2nd Low | 0.86093 |
| 3rd Low | 0.86081 |
0.86536 – 0.86643 – 0.86553 – 0.86321 – 0.86384 – 0.864 — 71.826094265117 – 72.843601959645 — 80.875879994253 – 74.179433930227 – 89.864196216984 – 81.314734271123
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – –