EUR/GBP – 4H – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.87377 is expected.
Caution: A possible change in the direction of the support line at 0.86093 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.87377 |
| Current Price | 0.87047 |
| Next Low | 0.86093 |
| 2nd Low | 0.86081 |
| 3rd Low | 0.8596 |
0.86716 – 0.86668 – 0.86699 – 0.86093 – 0.86081 – 0.8596 — 70.429662795054 – 71.446510772484 — 67.663209273948 – 100 – 37.166293810589 – 68.341129414955
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – –