EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance line at 0.86504 is certain.

Caution: A possible trend reversal in the direction of the support zone at 0.86317 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.864505 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.86504 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

0.86504 – 0.86447 – 0.86497 – 0.86317 – 0.86164 – 0.86196 —
0.86504 – 0.86435 —
56.523608328935 – 53.579997230855 —
0.86504 – 1773853200 —
– 1773853200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – – – – – – – – –