EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) goes from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.83281 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.82838 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles form ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83386 |
| 2nd High | 0.83314 |
| Next High | 0.83281 |
| Current Price | 0.82958 |
| Next Low | 0.82838 |
| 2nd Low | 0.82815 |
| 3rd Low | 0.82764 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold