EUR/GBP – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.87487 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 0.87164 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

Next a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.87487 – 0.8721 – 0.8717 – 0.87164 – 0.86856 – 0.86864 —
0.87445 – 0.87429 —
57.023530487619 – 49.646305379672 —
– —
0.87487 – 1771347600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –