EUR/GBP – 30M – BUY

Next a ‘Falling Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a positive signal. The pair is likely to go up.

The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards

An ascent up to the next resistance at 0.85312 will continue.

Caution: A possible change in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.8522114 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.85312 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

0.85312 – 0.85191 – 0.85164 – 0.85099 – 0.85098 – 0.84951

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