EUR/GBP – 4H – BUY

The combination Euro/British Pound (EUR/GBP) goes from the bearish trendline upwards

An ascending movement upwards to the next resistance at 0.88012 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.86638 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.88012 – 0.88176 – 0.88396 – 0.87797 – 0.87895 – 0.87665 —
0.87390 – 0.87382 —
34.188995044778 – 39.181280380748 —
– —
0.88012 – 1764676800

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