EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance at 0.87455 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.87084 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87733 |
| 2nd High | 0.87477 |
| Next High | 0.87455 |
| Current Price | 0.87415 |
| Next Low | 0.87084 |
| 2nd Low | 0.86695 |
| 3rd Low | 0.8665 |
0.87253 – 0.87311 – 0.86856 – 0.87084 – 0.86695 – 0.8665 —
0.87139 – 0.87392 —
44.800167032099 – 69.206514408666 —
0.87084 – 1768991400 —
0.87253 – 1768959000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top retreat up – – – – – – – –