EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 0.86437 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.86631 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.86631 – 0.86596 – 0.87085 – 0.86437 – 0.86523 – 0.86992 —
0.86623 – 0.86617 —
52.901648180474 – 54.025781367073 —
– —
0.86631 – 1767711600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –