EUR/GBP – 30M – BUY

The pair Euro/British Pound (EUR/GBP) moves from the bullish trendline upwards

A continuation of the upward movement up to the next resistance line at 0.88396 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.87895 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘RSI Bullish Divergence’ indicator signal is discovered. The indicator is ‘RSI Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.881855 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.88396 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.88396 – 0.88391 – 0.88233 – 0.88094 – 0.88071 – 0.88069 —
0.88172 – 0.88078 —
42.492043545224 – 37.332107916136 —
– —
0.88396 – 1763600400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Rising Wedge Chart Pattern – – – –