EUR/GBP – 4H – BUY

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

The bullish trend up to the next resistance level at 0.86922 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.86526 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.86922 – 0.86907 – 0.87455 – 0.86526 – 0.86512 – 0.86437 —
0.86755 – 0.86856 —
52.017409078575 – 49.982581434186 —
– —
0.86922 – 1768204800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – – – – – – – –