EUR/GBP – 30M – BUY

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

An ascent up to the next resistance at 0.8698 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.86864 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.

In addition a ‘Bullish Belt Hold’ candle pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency 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’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.8698 – 0.86994 – 0.87187 – 0.86864 – 0.86878 – 0.87 —
0.86969 – 0.86960 —
54.60733193872 – 52.411441749463 —
– —
0.8698 – 1771259400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –