EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.85391 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish 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).

0.85391 – 0.85367 – 0.85364 – 0.85163 – 0.85238 – 0.85122

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern