EUR/GBP – 30M – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.

A bullish trend up to the next resistance at 0.88233 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 0.88044 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency 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).

0.88233 – 0.88177 – 0.88283 – 0.88044 – 0.88054 – 0.87895 —
0.88076 – 0.88089 —
44.55890491297 – 48.387671233842 —
– —
0.88233 – 1763478000

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