EUR/GBP – 30M – BUY

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

An ascent upwards to the next resistance at 0.87723 is expected.

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

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.

Moreover a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.

Moreover a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.

Moreover a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The 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).

0.87723 – 0.87679 – 0.87626 – 0.87477 – 0.87474 – 0.8748 —
0.87666 – 0.87614 —
57.295864763608 – 45.352964341783 —
– —
0.87723 – 1764351000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –