EUR/GBP – 4H – SELL

The combination Euro/British Pound (EUR/GBP) goes from the bullish trendline down.

A descent down to the next support at is expected.

Caution: A possible trend reversal in the direction of resistance at 0.8865 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

Additionally a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.8865 – 0.88291 – 0.88171 – 0.87665 – 0.87617 – 0.86638 —
0.88480 – 0.88084 —
58.972745918997 – 42.777730221798 —
– —
0.88650 – 1763107200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom chart pattern – – – –