EUR/GBP – 30M – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance line at 0.87383 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at should be noted.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.

Next a ‘MACD Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair could go up.

Next a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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).

0.87383 – 0.8752 – 0.87382 – 0.87229 – 0.87247 – 0.8718 —
0.87338 – 0.87360 —
42.81861970669 – 53.877388482525 —
– —
0.87383 – 1765258200

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