EUR/GBP – 1H – BUY

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

A bullish ascent up to the next resistance level at 0.87156 is expected.

Caution: A possible counter-trend in the direction of support at 0.87002 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.87156 – 0.87122 – 0.87011 – 0.87002 – 0.86923 – 0.86893 —
0.87104 – 0.87123 —
50.563241806761 – 55.229797496902 —
– —
0.87156 – 1776675600

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