EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.
A bullish movement up to the next resistance at 0.8662 will continue.
Caution: A possible change in the direction of the support zone at 0.86347 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86864 |
| 2nd High | 0.86826 |
| Next High | 0.8662 |
| Current Price | 0.86445 |
| Next Low | 0.86347 |
| 2nd Low | 0.86147 |
| 3rd Low | 0.86111 |
0.8662 – 0.86553 – 0.86551 – 0.86347 – 0.86384 – 0.864 — 45.777481500104 – 47.17025309131 — 11.969423937309 – 17.363888758176 – 11.664613609558 – 13.07927476961
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – –