EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.86536 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
In addition a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. 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 | 0.86643 |
| 2nd High | 0.86543 |
| Next High | 0.86536 |
| Current Price | 0.86489 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86536 – 0.86543 – 0.86643 – 0.86439 – 0.86347 – 0.86384 — 56.265559093909 – 52.255095893164 — 74.415943549156 – 53.755443247195 – 84.429782043894 – 69.580518306521
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Rising Wedge Chart Pattern – –