EUR/GBP – 30M – BUY

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

The bullish trend up to the next resistance line at 0.87304 will continue.

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

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair is likely to rise.

Besides a ‘MACD Hidden Bullish Divergence’ indicator layout is detected. The indicator is ‘MACD Hidden Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.

Besides a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish pattern 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%.

0.87304 – 0.87312 – 0.87266 – 0.87141 – 0.87064 – 0.87071 —
0.87179 – 0.87203 —
45.631737314621 – 52.926885908506 —
0.87141 – 1772110800 —
0.87304 – 1772101800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – Double bottom retreat down – – – – – – – –