EUR/GBP – 30M – BUY

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

The bullish trend upwards to the next resistance level at 0.86366 is certain.

Caution: A possible counter-trend in the direction of the support zone at 0.86166 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Bearish SBS White Lines’ chart pattern is detected. The candles form ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.86366 – 0.86567 – 0.86576 – 0.86166 – 0.86208 – 0.8644 —
0.86240 – 0.86306 —
41.571619461811 – 46.966748230137 —
– —
0.86366 – 1773306000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish SBS White Lines – – – – – – – – –