EUR/GBP – 30M – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the ascending trendline up.

A continuation of the uptrend up to the next resistance line at 0.86668 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 0.86488 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.86668 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.86668 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

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

0.86668 – 0.86475 – 0.86395 – 0.86488 – 0.86081 – 0.86272 — 54.51366714511 – 61.668826530349 — 25.888849959124 – 59.222183292457 – 37.280708916148 – 39.481455528305

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top retreat up – –