EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.86252 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.86418 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Southern Doji’ candle chart pattern is found. The chart forms ‘Southern 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 likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.86418 – 0.86476 – 0.86446 – 0.86327 – 0.8633 – 0.86252 —
0.86326 – 0.86343 —
31.716611142074 – 37.224812634177 —
– —
0.86418 – 1777971600

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