EUR/GBP – 30M – BUYMoreover a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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).
Moreover a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85312 |
| 2nd High | 0.85218 |
| Next High | 0.85181 |
| Current Price | 0.84992 |
| Next Low | 0.84955 |
| 2nd Low | 0.84810 |
| 3rd Low | 0.84616 |
0.85181 – 0.85218 – 0.85093 – 0.84955 – 0.84810 – 0.84616
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji