EUR/GBP – 30M – SELLIn addition a ‘Double top chart pattern’ chart layout is detected. The chart picture shows ‘Double top 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 ascending trendline down.
A descending movement downwards to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.86907 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.
In addition a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.87085 |
| Next High | 0.86907 |
| Current Price | 0.86707 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86907 – 0.86782 – 0.86606 – 0.86713 – 0.86534 – 0.86519 —
0.86793 – 0.86756 —
44.308674718387 – 41.449788676606 —
– —
0.86907 – 1767873600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – – – – – – – –