EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) moves from the descending trendline down.

A continuation of the downward movement downwards to the next support at 0.88054 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.88177 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish 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).

0.88177 – 0.88283 – 0.8865 – 0.88054 – 0.87895 – 0.8792 —
0.88119 – 0.88186 —
45.663645976202 – 54.249504311931 —
0.88054 – 1763469000 —
0.88177 – 1763454600

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