EUR/GBP – 4H – BUYThe currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline up.
An ascending movement up to the next resistance at 0.87455 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.86556 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88012 |
| 2nd High | 0.87964 |
| Next High | 0.87455 |
| Current Price | 0.86712 |
| Next Low | 0.86556 |
| 2nd Low | 0.86321 |
| 3rd Low | 0.86093 |
0.87455 – 0.87395 – 0.87964 – 0.86941 – 0.87348 – 0.87463 —
0.86587 – 0.86623 —
22.007112075644 – 31.143617272019 —
– —
0.87455 – 1767196800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom chart pattern – – – – – – – –