EUR/GBP – 1H – BUY

Then a ‘Double bottom chart pattern’ chart formation is discovered. The formation shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.

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

The bullish trend up to the next resistance level at 0.87506 will continue.

Caution: A possible counter-trend in the direction of support at 0.87266 could occur.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘%K fall below 80’ indicator layout is existing. The indicator is ‘%K fall below 80’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Then a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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).

0.87506 – 0.87469 – 0.87383 – 0.87266 – 0.872 – 0.87229 —
0.87475 – 0.87487 —
60.615240296275 – 56.983199011859 —
– —
0.87506 – 1765360800

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