EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 0.86265 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.86111 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86707 |
| 2nd High | 0.86490 |
| Next High | 0.86265 |
| Current Price | 0.86232 |
| Next Low | 0.86111 |
| 2nd Low | 0.86093 |
| 3rd Low | 0.86081 |
0.86265 – 0.86490 – 0.86455 – 0.86111 – 0.86093 – 0.86167 — 51.175618916747 – 55.586357170622 — 22.145017716706 – 55.478351050039 – 12.316131428868 – 27.337511764344
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – –