EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 0.87651 is considered certain.

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

Also there is a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.87983 – 0.87933 – 0.88307 – 0.87651 – 0.87861 – 0.87797 —
0.87698 – 0.87878 —
32.864825682515 – 56.017555141066 —
– —
0.87983 – 1764081000

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