EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 0.87861 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.87983 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this 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).

0.87983 – 0.87933 – 0.88307 – 0.87861 – 0.87797 – 0.88128 —
0.87737 – 0.87891 —
38.113018931366 – 56.793970449839 —
– —
0.87983 – 1764081000

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