EUR/GBP – 30M – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance level at 0.88251 is expected.

Caution: A possible counter-trend in the direction of the support zone at 0.87951 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Besides a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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).

0.88251 – 0.88396 – 0.88391 – 0.88128 – 0.87951 – 0.88094 —
0.88143 – 0.88207 —
43.439806226662 – 41.978475543865 —
– —
0.88251 – 1763672400

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