EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the ascending trendline down.

A bearish movement down to the next support level at will persist.

Caution: A possible counter-trend in the direction of resistance at 0.88251 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.88251 – 0.88396 – 0.88391 – 0.88128 – 0.87951 – 0.88094 —
0.88166 – 0.88175 —
49.038278749958 – 47.17487705756 —
– —
0.88251 – 1763672400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – –