EUR/GBP – 1H – SELL

Then a ‘Double top retreat up’ chart formation is existing. The chart forms ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to go up.

The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline down.

A descent downwards to the next support level at 0.87651 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.88176 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.88176 – 0.87983 – 0.88195 – 0.87651 – 0.87797 – 0.87951 —
0.87593 – 0.87547 —
38.808670544668 – 36.392120924447 —
– —
0.88176 – 1764165600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top retreat up – – – – – – – –