EUR/GBP – 4H – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.

A descent downwards to the next support line at is certain.

Caution: A possible change in the direction of the resistance level at 0.8865 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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).

0.8865 – 0.88291 – 0.88171 – 0.87665 – 0.87617 – 0.86638 —
0.88468 – 0.88120 —
51.917907595406 – 46.73811671781 —
– —
0.88650 – 1763107200

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