EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
An ascent up to the next resistance line at 0.86707 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.86492 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally 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 signal. The currency pair could go up.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair could go up.
Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.868205 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.86707 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three White Soldiers’ chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87323 |
| 2nd High | 0.87156 |
| Next High | 0.86707 |
| Current Price | 0.86704 |
| Next Low | 0.86492 |
| 2nd Low | 0.86485 |
| 3rd Low | 0.86437 |
0.86707 – 0.86692 – 0.87156 – 0.86492 – 0.86485 – 0.86699 —
0.86673 – 0.86712 —
44.6247683132 – 55.080124780388 —
– —
0.86707 – 1769706000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – Double bottom retreat down – – – – – – – –