EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the bullish trendline downwards

The bearish trend down to the next support line at 0.87951 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.88251 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.881455 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.88251 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish 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).

0.88251 – 0.88396 – 0.88391 – 0.87951 – 0.87975 – 0.87895 —
0.88188 – 0.88191 —
47.920785246398 – 49.199903094018 —
– —
0.88251 – 1763672400

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