EUR/GBP – 4H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards

A bullish ascent up to the next resistance level at 0.86922 is expected.

Caution: A possible trend reversal in the direction of support at 0.86526 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.86946 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.86922 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

0.86922 – 0.86907 – 0.87455 – 0.86526 – 0.86512 – 0.86437 —
0.86784 – 0.86761 —
54.533268303967 – 48.264547146747 —
– —
0.86922 – 1768204800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top retreat up – – – – – – – –