EUR/GBP – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.86417236 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.86389 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86476 |
| 2nd High | 0.86418 |
| Next High | 0.86389 |
| Current Price | 0.86365 |
| Next Low | 0.86273 |
| 2nd Low | 0.86227 |
| 3rd Low | 0.86221 |
0.86389 – 0.86368 – 0.86418 – 0.86273 – 0.86227 – 0.86327 —
0.86361 – 0.86392 —
44.228158737893 – 46.97019010497 —
– —
0.86389 – 1778050800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – – – – – – – – –