EUR/GBP – 30M – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards

A bullish movement up to the next resistance at 0.87983 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.87651 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Next a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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).

0.87891 – 0.87983 – 0.87933 – 0.87651 – 0.87861 – 0.87797 —
0.87879 – 0.87867 —
55.014455682952 – 49.45255905402 —
– —
0.87891 – 1764111600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top retreat up – – – – – – – –