EUR/GBP – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.86717 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.86729 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Belt Hold’ chart pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86922 |
| 2nd High | 0.86741 |
| Next High | 0.86729 |
| Current Price | 0.86628 |
| Next Low | 0.86565 |
| 2nd Low | 0.8652 |
| 3rd Low | 0.86512 |
0.86729 – 0.86741 – 0.86922 – 0.86565 – 0.8652 – 0.86512 —
0.86681 – 0.86658 —
53.455614777111 – 49.789646733104 —
– —
0.86729 – 1768419000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – – – – – – – – –