EUR/GBP – 1H – SELL

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

A bearish trend downwards to the next support level at 0.86642 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.87377 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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).

0.86959 – 0.86536 – 0.86643 – 0.86642 – 0.86612 – 0.86321 — 64.59309151746 – 57.633050902028 — 76.373302511625 – 46.690752280128 – 81.32897477516 – 68.10535564045

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – –