EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) jumps from the bullish trendline downwards

A descending movement downwards to the next support line at 0.84581 will continue.

Caution: A possible change in the direction of the resistance zone at 0.84919 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Also there is a ‘Double top chart pattern’ chart pattern is existing. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.

0.84919 – 0.85218 – 0.85218 – 0.84581 – 0.84955 – 0.84616

Download EUR/GBP Signal Image

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