EUR/GBP – 1H – BUY

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.878145 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.87723 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ chart pattern is existing. The chart forms ‘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).

0.87723 – 0.87698 – 0.88176 – 0.87474 – 0.87453 – 0.87651 —
0.87637 – 0.87668 —
54.991732190208 – 52.926320863887 —
– —
0.87723 – 1764349200

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