EUR/GBP – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 0.85942 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.86096 |
| Next Low | 0.85291 |
| 2nd Low | 0.84694 |
| 3rd Low | 0.83224 |
0.85942 – 0.85897 – 0.84479 – 0.85291 – 0.84694 – 0.83224
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji