EUR/GBP – 1H – BUY

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.86487 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.86487 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Bearish SBS White Lines’ chart pattern is detected. The candles form ‘Bearish SBS White Lines’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.86487 – 0.86418 – 0.86476 – 0.86273 – 0.86227 – 0.86327 —
0.86392 – 0.86452 —
48.365839174706 – 55.576803075335 —
– —
0.86487 – 1778072400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish SBS White Lines – – – – – – – – –