EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.

An ascent upwards to the next resistance line at 0.87535 is expected.

Caution: A possible trend reversal in the direction of support at 0.87213 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The pair is likely to go up.

There is also a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. this 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.87535 – 0.88012 – 0.87932 – 0.87213 – 0.87367 – 0.87474 —
0.87407 – 0.87385 —
46.118870521325 – 30.725883070214 —
– —
0.87535 – 1764846000

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