EUR/GBP – 30M – BUY

The currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance line at 0.87312 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.87071 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘MACD Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘MACD Hidden Bullish Divergence’. which is often a bullish signal. The currency pair could go up.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.87150036 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.87312 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

0.87312 – 0.87266 – 0.87427 – 0.87071 – 0.8707 – 0.87283 —
0.87117 – 0.87109 —
41.119290076593 – 39.753451177679 —
– —
0.87312 – 1772011800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –