EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 0.86115 will continue.
Caution: A possible change in the direction of the support level at 0.85966 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86371 |
| 2nd High | 0.86245 |
| Next High | 0.86115 |
| Current Price | 0.86099 |
| Next Low | 0.85966 |
| 2nd Low | 0.85960 |
| 3rd Low | 0.85770 |
0.86115 – 0.86245 – 0.86371 – 0.85966 – 0.85960 – 0.86180 — 52.779246655555 – 56.583511916888 — 32.896890343699 – 61.999151360853 – 16.348953730061 – 36.17425390475
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – –