EUR/GBP – 4H – BUY

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

An ascent upwards to the next resistance line at 0.8752 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 0.8718 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.8752 – 0.88012 – 0.88176 – 0.8718 – 0.87797 – 0.87895 —
0.87469 – 0.87438 —
47.682374430915 – 45.126026829178 —
– —
0.87520 – 1765180800

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