EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.86437 is certain.
Caution: A possible change in the direction of the resistance level at 0.86631 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Southern Doji’ candle pattern is existing. The candles form ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87248 |
| Next High | 0.86631 |
| Current Price | 0.86554 |
| Next Low | 0.86437 |
| 2nd Low | 0.86321 |
| 3rd Low | 0.86093 |
0.86631 – 0.87248 – 0.87455 – 0.86437 – 0.87146 – 0.87168 —
0.86631 – 0.86592 —
41.893640088893 – 41.128142131253 —
0.86631 – 1767711600 —
– 1767711600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Southern Doji – Double bottom chart pattern – – – – – – – –