EUR/GBP – 30M – SELLNext a ‘Double bottom chart pattern’ chart pattern is existing. The chart shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.
The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.86534 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.86631 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle pattern is existing. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.87085 |
| Next High | 0.86631 |
| Current Price | 0.86629 |
| Next Low | 0.86534 |
| 2nd Low | 0.86519 |
| 3rd Low | 0.86437 |
0.86606 – 0.86631 – 0.86596 – 0.86534 – 0.86519 – 0.86437 —
0.86587 – 0.86604 —
53.140373158391 – 51.13981328004 —
– —
0.86606 – 1767756600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom chart pattern – – – – – – – –