EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards

A descending movement downwards to the next support at 0.86181 is likely expected.

Caution: A possible change in the direction of resistance at 0.86400 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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).

0.86371 – 0.86400 – 0.86374 – 0.86181 – 0.86283 – 0.86054 — 65.493145921568 – 59.295245526924 — 95.478260616124 – 87.343008935733 – 89.840766247458 – 89.686934678427

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