EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.864 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.86553 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ chart pattern is found. The candles form ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86864 |
| 2nd High | 0.86826 |
| Next High | 0.86553 |
| Current Price | 0.86452 |
| Next Low | 0.864 |
| 2nd Low | 0.8635 |
| 3rd Low | 0.86147 |
0.86553 – 0.86551 – 0.86826 – 0.864 – 0.86486 – 0.86553 — 47.303128534191 – 44.771189563721 — 29.363155734715 – 14.681316364978 – 41.756957058524 – 28.322260466809
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – –