EUR/GBP – 1H – BUY

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

A bullish trend up to the next resistance line at 0.86605 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 0.86414 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Hidden Bullish Divergence’. Dieses ist oftmals ein bullisches chart signal. Das Paar wird voraussichtlich nach oben gehen.

Furthermore a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. Dieses ist oftmals ein bullisches chart signal. Das Paar wird voraussichtlich nach oben gehen.

Furthermore a ‘Three Outside Up’ candlestick pattern is detected. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.86605 – 0.86765 – 0.87007 – 0.86414 – 0.86435 – 0.86253 —
0.86555 – 0.86477 —
46.919741559504 – 39.924851632587 —
– —
0.86605 – 1773147600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –