EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support line at 0.85238 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.85364 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.85364 – 0.85379 – 0.85344 – 0.85238 – 0.85122 – 0.85197

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