EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the descending trendline up.

An ascent upwards to the next resistance at 0.87932 will continue.

Caution: A possible change in the direction of the support line at 0.87474 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

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

0.87932 – 0.87723 – 0.87698 – 0.87474 – 0.87453 – 0.87651 —
0.87874 – 0.87891 —
59.193273144207 – 61.625219923649 —
– —
0.87932 – 1764583200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –