EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.85460 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 0.84768 could occur.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85649 |
| 2nd High | 0.85472 |
| Next High | 0.85460 |
| Current Price | 0.85169 |
| Next Low | 0.84768 |
| 2nd Low | 0.84717 |
| 3rd Low | 0.84644 |
0.85460 – 0.84839 – 0.84883 – 0.84768 – 0.84717 – 0.84644
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji