EUR/GBP – 1H – BUY

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

The bullish trend upwards to the next resistance line at 0.87698 is certain.

Caution: A possible change in the direction of the support zone at 0.87453 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

0.87698 – 0.88176 – 0.87983 – 0.87453 – 0.87651 – 0.87797 —
0.87698 – 0.87623 —
53.103676346386 – 39.693680061879 —
0.87698 – 1764237600 —
– 1764237600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –