EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86353 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Southern Doji’ candle pattern is detected. The chart forms ‘Southern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.86353 – 0.8636 – 0.86325 – 0.86209 – 0.86192 – 0.86228 —
0.86263 – 0.86303 —
45.966108877307 – 55.014633664637 —
– —
0.86353 – 1770150600

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