EUR/GBP – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at 0.86686 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.86569 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Hammer’ candle chart pattern is existing. The chart shows ‘Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).

0.86686 – 0.86667 – 0.86499 – 0.86569 – 0.86555 – 0.86547 —
0.86671 – 0.86713 —
62.462041155775 – 64.369567180109 —
– —
0.86686 – 1779949800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Hammer – – – – – – – – –