EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 0.86865 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.87136 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Southern Doji’ candle pattern is found. The candles form ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.87136 – 0.87102 – 0.87217 – 0.86865 – 0.86841 – 0.86957 —
0.86950 – 0.86989 —
45.989114826679 – 57.224163001844 —
– —
0.87136 – 1776160800

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