The currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 0.87085 will continue.
Caution: A possible trend reversal in the direction of support at 0.86695 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI Bullish Divergence’ indicator layout is found. The indicator shows ‘StochRSI Bullish Divergence’. signal.
Then a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87323 |
| 2nd High | 0.87089 |
| Next High | 0.87085 |
| Current Price | 0.86798 |
| Next Low | 0.86695 |
| 2nd Low | 0.8665 |
| 3rd Low | 0.86631 |
0.87085 – 0.87089 – 0.87323 – 0.86924 – 0.86941 – 0.87084 —
0.86717 – 0.86798 —
38.327734290488 – 49.356634762049 —
– —
0.87085 – 1769157000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –