EUR/GBP – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.85075928 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.85181 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. 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).

Also there is a ‘Double top chart pattern’ chart formation is detected. The chart forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

0.85181 – 0.85218 – 0.85093 – 0.84955 – 0.84810 – 0.84616

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji