EUR/GBP – 30M – SELLBesides a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.86519 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.86606 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87085 |
| 2nd High | 0.86631 |
| Next High | 0.86606 |
| Current Price | 0.86557 |
| Next Low | 0.86519 |
| 2nd Low | 0.86437 |
| 3rd Low | 0.86347 |
0.86606 – 0.86631 – 0.86596 – 0.86519 – 0.86437 – 0.86523 —
0.86599 – 0.86577 —
55.187897314514 – 45.471137018904 —
– —
0.86606 – 1767756600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –