EUR/GBP – 1H – BUY

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.86531 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 0.86823 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Southern Doji’ candle pattern is existing. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The currency 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).

0.86823 – 0.86823 – 0.86777 – 0.86531 – 0.86636 – 0.87002 —
0.86823 – 0.86640 —
58.300164209581 – 36.148193189753 —
0.86823 – 1777039200 —
– 1777039200

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