EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 0.86695 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.87451 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.86839036 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.87451 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency 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).

0.87451 – 0.87253 – 0.87311 – 0.87084 – 0.86695 – 0.8665 —
0.87077 – 0.87023 —
33.875235188103 – 38.451494382577 —
– —
0.87451 – 1769007600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –