EUR/GBP – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance level at 0.86856 is considered certain.

Caution: A possible change in the direction of the support level at 0.8665 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. 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).

0.86856 – 0.86793 – 0.86784 – 0.8665 – 0.86601 – 0.86526 —
0.86764 – 0.87044 —
56.668237504755 – 71.545282114595 —
– —
0.86856 – 1768813200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top retreat up – – – – – – – –