EUR/GBP – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 0.86400 will persist.

Caution: A possible counter-trend in the direction of the support level at 0.86181 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Next a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.86371 – 0.86400 – 0.86374 – 0.86181 – 0.86283 – 0.86054 — 58.303326381391 – 59.173334132387 — 20.778824890163 – 41.240116521015 – 33.53314942996 – 28.420862148123

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