EUR/GBP – 4H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline down.

A bearish descent down to the next support level at 0.86856 will persist.

Caution: A possible change in the direction of the resistance zone at 0.87412 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

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

0.8721 – 0.87412 – 0.87206 – 0.86856 – 0.86824 – 0.86118 —
0.86981 – 0.87383 —
48.073270118118 – 66.951050680493 —
0.86856 – 1771286400 —
0.8721 – 1770969600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Southern Doji – Head and Shoulder chart pattern – – – – – – – –