EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards

A bearish trend down to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.87698 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

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 currency pair could go down.

Furthermore a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

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

0.87698 – 0.88176 – 0.87891 – 0.87453 – 0.8752 – 0.87544 —
0.87595 – 0.87612 —
52.135932446484 – 52.249219009546 —
– —
0.87698 – 1764239400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –