EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.86437 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.86631 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.87085 |
| Next High | 0.86631 |
| Current Price | 0.86554 |
| Next Low | 0.86437 |
| 2nd Low | 0.86347 |
| 3rd Low | 0.86147 |
0.86631 – 0.86596 – 0.87085 – 0.86437 – 0.86523 – 0.86992 —
0.86610 – 0.86566 —
52.411153858858 – 42.714603278747 —
– —
0.86631 – 1767711600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom chart pattern – – – – – – – –