EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 0.86445 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.86507 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Southern Doji’ candle pattern is discovered. The candles form ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86545 |
| 2nd High | 0.86516 |
| Next High | 0.86507 |
| Current Price | 0.86462 |
| Next Low | 0.86445 |
| 2nd Low | 0.86404 |
| 3rd Low | 0.86396 |
0.86507 – 0.86453 – 0.86516 – 0.86445 – 0.86404 – 0.86405 —
0.86525 – 0.86489 —
64.780557159407 – 50.967191751449 —
0.86445 – 1781686800 —
0.86507 – 1781616600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Southern Doji – – – – – – – – –