EUR/GBP – 30M – BUY

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

A continuation of the bullish trend up to the next resistance at 0.86657 is expected.

Caution: A possible change in the direction of support at 0.86196 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Latter Bottom’ candlestick pattern is detected. The chart forms ‘Latter Bottom’. this 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 likelyhood of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).

0.86657 – 0.86735 – 0.86703 – 0.86196 – 0.86166 – 0.86558 —
0.86312 – 0.86266 —
56.542213618394 – 44.686777601638 —
– —
0.86657 – 1777557600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Latter Bottom – – – – – – – – –