EUR/GBP – 30M – BUY

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

A bullish trend upwards to the next resistance at 0.86418 will persist.

Caution: A possible trend reversal in the direction of the support zone at 0.86252 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

Also there is a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

0.86418 – 0.86476 – 0.86446 – 0.86327 – 0.8633 – 0.86252 —
0.86323 – 0.86352 —
29.511745053489 – 42.326511404233 —
– —
0.86418 – 1777971600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Engulfing – – – – – – – – –