EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the bullish trendline down.

A descent downwards to the next support at 0.87651 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.87983 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Northern Doji’ candlestick 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.87891 – 0.87983 – 0.87933 – 0.87651 – 0.87861 – 0.87797 —
0.87884 – 0.87976 —
46.40205151091 – 50.485148724735 —
– —
0.87891 – 1764111600

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