EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at 0.86437 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.86631 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.86631 – 0.86596 – 0.87085 – 0.86437 – 0.86523 – 0.86992 —
0.86589 – 0.86604 —
51.549542691101 – 50.739706121841 —
– —
0.86631 – 1767711600

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