EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) goes from the ascending trendline down.
A bearish movement downwards to the next support at 0.86653 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.86968 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Next a ‘Southern Doji’ candle chart pattern is found. The chart shows ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.87089 |
| 2nd High | 0.87085 |
| Next High | 0.86968 |
| Current Price | 0.86885 |
| Next Low | 0.86653 |
| 2nd Low | 0.8665 |
| 3rd Low | 0.86631 |
0.86867 – 0.86824 – 0.86968 – 0.86653 – 0.86677 – 0.86685 —
0.86845 – 0.86976 —
55.275932541253 – 63.012451105593 —
– —
0.86867 – 1769481000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Southern Doji – Double top retreat up – – – – – – – –