EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the ascending trendline up.

A continuation of the uptrend upwards to the next resistance at 0.86657 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.8636 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Bullish Tri-Star’ candle pattern is found. The chart shows ‘Bullish Tri-Star’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

0.86487 – 0.86418 – 0.86476 – 0.8636 – 0.86273 – 0.86227 —
0.86428 – 0.86547 —
50.752008056433 – 64.582400181013 —
– —
0.86487 – 1778072400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Tri-Star – Symmetrical Triangle Chart Pattern – – – – – – – –