EUR/GBP – 4H – BUYThe combination Euro/British Pound (EUR/GBP) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.87156 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.86485 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.
Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Besides a ‘Bearish Harami Cross’ chart pattern is existing. The candles show ‘Bearish Harami Cross’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87451 |
| Next High | 0.87156 |
| Current Price | 0.86690 |
| Next Low | 0.86485 |
| 2nd Low | 0.86437 |
| 3rd Low |
0.87156 – 0.87451 – 0.86922 – 0.86485 – 0.86576 – 0.86526 —
0.86611 – 0.86691 —
32.904724642778 – 39.817370666065 —
0.86485 – 1769630400 —
0.87156 – 1769544000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Harami Cross – – – – – – – – –