EUR/GBP – 30M – BUY

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

A continuation of the upward movement up to the next resistance level at 0.86977 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 0.86752 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.86977 – 0.86869 – 0.86843 – 0.86752 – 0.8672 – 0.86575 —
0.86977 – 0.86896 —
63.840755145451 – 57.3922162299 —
0.86977 – 1774890000 —
– 1774890000

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