EUR/GBP – 4H – BUY

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

A bullish movement up to the next resistance line at 0.86922 will persist.

Caution: A possible change in the direction of the support level at 0.86526 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.

Then a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.86922 – 0.86907 – 0.87455 – 0.86526 – 0.86512 – 0.86437 —
0.86731 – 0.86745 —
49.012601209127 – 49.779912740192 —
– —
0.86922 – 1768204800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – – – – – – – –