EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the bullish trendline up.

A continuation of the upward movement upwards to the next resistance line at 0.8721 is expected.

Caution: A possible change in the direction of support at 0.86856 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.87234 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.8721 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

0.8721 – 0.8717 – 0.87234 – 0.86856 – 0.86864 – 0.86878 —
0.87011 – 0.87236 —
54.548351066572 – 66.643999825334 —
– —
0.8721 – 1770969600

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