EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 0.86783 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.86531 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87217 |
| 2nd High | 0.87197 |
| Next High | 0.86783 |
| Current Price | 0.86764 |
| Next Low | 0.86531 |
| 2nd Low | 0.86364 |
| 3rd Low | 0.86303 |
0.86783 – 0.87197 – 0.87156 – 0.86531 – 0.86636 – 0.87002 —
0.86695 – 0.86776 —
38.564647171608 – 54.107696061831 —
– —
0.86783 – 1776934800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – – – – – – – – –