EUR/GBP – 4H – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards

A bullish trend up to the next resistance at 0.86559 is certain.

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

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Next a ‘StochOSC Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘StochOSC Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.867185 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.86559 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

0.86559 – 0.86811 – 0.87297 – 0.86185 – 0.86267 – 0.86307 —
0.86312 – 0.86334 —
42.932651295286 – 51.053807847697 —
0.86185 – 1781222400 —
0.86559 – 1780588800

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