EUR/GBP – 4H – BUY

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

An ascending movement upwards to the next resistance level at 0.86922 will continue.

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

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.86946 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.86922 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.86922 – 0.86907 – 0.87455 – 0.86526 – 0.86512 – 0.86437 —
0.86761 – 0.86739 —
48.264546072446 – 51.884774098736 —
– —
0.86922 – 1768204800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –