EUR/GBP – 30M – BUY

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

A bullish trend up to the next resistance line at 0.86976 is expected.

Caution: A possible change in the direction of the support level at 0.86865 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Also there is a ‘Bullish Tri-Star’ candle chart pattern is found. The chart shows ‘Bullish Tri-Star’. 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 chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

0.86976 – 0.87136 – 0.87091 – 0.86865 – 0.86868 – 0.86841 —
0.86950 – 0.86994 —
53.525289028637 – 62.793200794837 —
– —
0.86976 – 1776267000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Tri-Star – Rising Wedge Chart Pattern – – – – – – – –