EUR/GBP – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance at 0.86483 will persist.

Caution: A possible change in the direction of support at 0.86143 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish SBS White Lines’ candlestick pattern is found. The candles form ‘Bearish SBS White Lines’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.86483 – 0.86504 – 0.86447 – 0.86143 – 0.86113 – 0.86276 —
0.86413 – 0.86759 —
63.396696354083 – 68.502559326316 —
– —
0.86483 – 1773914400

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