EUR/GBP – 30M – SELL

Next a ‘Double bottom chart pattern’ chart formation is existing. The chart picture forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.

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

A bearish trend down to the next support at 0.8756 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.87723 could occur.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.87723 – 0.87679 – 0.87626 – 0.8756 – 0.87477 – 0.87474 —
0.87694 – 0.87694 —
57.848974128429 – 55.927175346517 —
– —
0.87723 – 1764351000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom chart pattern – – – – – – – –