EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 0.87213 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.87413 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).

0.87413 – 0.87535 – 0.88012 – 0.87213 – 0.87383 – 0.87367 —
0.87388 – 0.87385 —
48.027007112392 – 28.027465754441 —
– —
0.87413 – 1764901800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – – – – – – – –