EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards

A continuation of the uptrend up to the next resistance level at 0.86617 is likely expected.

Caution: A possible counter-trend in the direction of support at 0.86364 could occur.
Consider stop-loss settings accordingly.

Next a ‘Tweezers Bottom’ candlestick pattern is existing. The chart shows ‘Tweezers Bottom’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).

0.86617 – 0.86676 – 0.86792 – 0.86364 – 0.86449 – 0.86372 —
0.86718 – 0.86782 —
52.580872021209 – 58.487581589257 —
– —
0.86617 – 1774522800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Bottom – – – – – – – – –