EUR/GBP – 1H – SELL

And also a ‘Double top chart pattern’ chart pattern is found. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The pair Euro/British Pound (EUR/GBP) jumps from the bullish trendline downwards

A descending movement down to the next support at 0.85770 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.86371 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a positive 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).

0.86371 – 0.86699 – 0.85969 – 0.86042 – 0.85770 – 0.85567 — 39.904735148895 – 38.192332580067 — 64.948936515449 – 63.071653923784 – 65.904755642302 – 63.421379669717

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – –