EUR/GBP – 30M – BUY

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

An ascent up to the next resistance line at 0.86245 will persist.

Caution: A possible counter-trend in the direction of the support level at 0.86054 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Next a ‘Bullish Belt Hold’ candle pattern is existing. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.86115 – 0.86245 – 0.86371 – 0.86054 – 0.85966 – 0.85960 — 58.448942115775 – 64.846081063883 — 89.961531063666 – 89.961531063666 – 90.314903180612 – 92.478756787328

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – – –