EUR/GBP – 1H – BUY

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

A bullish movement up to the next resistance at 0.86922 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.8663 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘MACD-Hist Bullish Divergence’ indicator signal is found. The indicator is ‘MACD-Hist Bullish Divergence’. Dieses ist oftmals ein bearisches chart signal. Die Paarung wird wahrscheinlich fallen.

In addition a ‘Northern Doji’ chart 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.86922 – 0.86861 – 0.86907 – 0.8663 – 0.86644 – 0.86437 —
0.86547 – 0.86586 —
28.746561620157 – 41.226794537798 —
– —
0.86922 – 1768208400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –