EUR/GBP – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 0.85662 will persist.

Caution: A possible trend reversal in the direction of the support line at 0.85391 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.85545 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.85662 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.85545 – 0.85391 – 0.85367 – 0.85391 – 0.85384 – 0.85078

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