EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) moves from the ascending trendline down.

The bearish trend downwards to the next support level at 0.86393 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86574 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘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).

0.86574 – 0.86654 – 0.86668 – 0.86393 – 0.86454 – 0.86081 — 60.7239367421 – 57.316307793741 — 79.855968048807 – 71.588282466154 – 83.075721601124 – 76.898281365473

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Inverse Head and Shoulder chart pattern – –