EUR/GBP – 1H – BUY

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

An ascending movement up to the next resistance line at 0.86922 is expected.

Caution: A possible change in the direction of the support level at 0.86512 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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).

0.86922 – 0.86861 – 0.86907 – 0.86512 – 0.8663 – 0.86644 —
0.86579 – 0.86616 —
35.378850963012 – 42.429322174538 —
– —
0.86922 – 1768208400

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