EUR/GBP – 30M – SELL

And also a ‘Inverse Head and Shoulder chart pattern’ chart formation is detected. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The currency pair is likely to go up.

The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 0.86526 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 0.86784 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. 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).

0.86784 – 0.86681 – 0.86729 – 0.86526 – 0.86577 – 0.86565 —
0.86724 – 0.86760 —
55.346558592569 – 58.810740548767 —
– —
0.86784 – 1768489200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –