EUR/GBP – 1H – BUY

The currency pair Euro/British Pound (EUR/GBP) goes from the bearish trendline upwards

An ascent upwards to the next resistance line at 0.87197 is expected.

Caution: A possible counter-trend in the direction of support at 0.86364 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ” indicator signal is found. The indicator shows ”. this is usually a bullish signal. The currency pair could go up.

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Then a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.

Then a ‘Bullish Belt Hold’ candle pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.87197 – 0.87156 – 0.87122 – 0.86636 – 0.87002 – 0.86923 —
0.86750 – 0.86630 —
37.35234391498 – 31.715755285789 —
– —
0.87197 – 1776769200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – – – – – – – – –