EUR/GBP – 1H – BUYThe currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 0.86907 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.86644 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.
There is also a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87248 |
| Next High | 0.86907 |
| Current Price | 0.86749 |
| Next Low | 0.86644 |
| 2nd Low | 0.86437 |
| 3rd Low | 0.86321 |
0.86907 – 0.86631 – 0.87248 – 0.86644 – 0.86437 – 0.87146 —
0.86770 – 0.86772 —
48.677886514633 – 38.38291251822 —
– —
0.86907 – 1767873600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – – – – – – – –