The combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 0.86777 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.86678 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
And also a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8694 |
| 2nd High | 0.86783 |
| Next High | 0.86777 |
| Current Price | 0.86734 |
| Next Low | 0.86678 |
| 2nd Low | 0.86531 |
| 3rd Low | 0.86411 |
0.86777 – 0.86776 – 0.86783 – 0.86678 – 0.86531 – 0.86636 —
0.86766 – 0.86705 —
56.49026866048 – 34.110676715431 —
– —
0.86777 – 1776992400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – Rising Wedge Chart Pattern – – – – – – – –