EUR/GBP – 30M – SELLAlso there is a ‘Double top chart pattern’ chart layout is found. The chart picture shows ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.
The combination Euro/British Pound (EUR/GBP) jumps from the ascending trendline down.
A bearish descent downwards to the next support level at 0.85028 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.85200 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85472 |
| 2nd High | 0.85460 |
| Next High | 0.85200 |
| Current Price | 0.85166 |
| Next Low | 0.85028 |
| 2nd Low | 0.84768 |
| 3rd Low | 0.84717 |
0.85200 – 0.85460 – 0.84839 – 0.85028 – 0.84768 – 0.84717
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji