EUR/GBP – 1H – SELL

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

A bearish trend downwards to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.87698 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

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

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

Then a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 – 0.87983 – 0.87474 – 0.87453 – 0.87651 —
0.87538 – 0.87605 —
42.247358418682 – 42.026954950864 —
0.87474 – 1764306000 —
0.87698 – 1764237600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Head and Shoulder chart pattern – – – – – – – –