EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.86606 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
Next a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The currency pair could go up.
Next a ‘StochOSC Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘StochOSC Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair could go up.
Next a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87085 |
| 2nd High | 0.86631 |
| Next High | 0.86606 |
| Current Price | 0.86723 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86606 – 0.86631 – 0.86596 – 0.86534 – 0.86519 – 0.86437 —
0.86589 – 0.86696 —
51.478279184101 – 61.364531984632 —
– —
0.86606 – 1767756600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Head and Shoulder chart pattern – – – – – – – –