EUR/GBP – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.87861 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.87933 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency 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).

0.87933 – 0.88307 – 0.88251 – 0.87861 – 0.87797 – 0.88128 —
0.87933 – 0.87908 —
47.70199935419 – 43.035605965207 —
0.87933 – 1764043200 —
– 1764043200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –