EUR/GBP – 4H – BUY

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

A bullish movement upwards to the next resistance line at 0.86922 is likely expected.

Caution: A possible counter-trend in the direction of the support level at should be noted.
In the case of a trade, always set appropriate stop-loss settings.

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

Additionally a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.86922 – 0.86907 – 0.87455 – 0.86526 – 0.86512 – 0.86437 —
0.86764 – 0.86721 —
51.772385385506 – 51.230473609766 —
– —
0.86922 – 1768204800

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