EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 0.86166 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.86567 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.86294186 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.86567 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Southern Doji’ candlestick pattern is found. The chart forms ‘Southern 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 ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.86366 – 0.86567 – 0.86605 – 0.86166 – 0.86208 – 0.86414 —
0.86296 – 0.86522 —
48.14477356904 – 67.548606413014 —
– —
0.86366 – 1773306000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –