EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.84819 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.84129 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick chart 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85218 |
| 2nd High | 0.84919 |
| Next High | 0.84819 |
| Current Price | 0.84311 |
| Next Low | 0.84129 |
| 2nd Low | 0.83224 |
| 3rd Low | 0.83151 |
0.84819 – 0.84919 – 0.85218 – 0.84319 – 0.84581 – 0.84955
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji