EUR/GBP – 4H – BUY

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

A bullish trend upwards to the next resistance at 0.86559 is considered certain.

Caution: A possible change in the direction of the support level at 0.86307 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.867185 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.86559 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.86559 – 0.86811 – 0.87297 – 0.86307 – 0.8614 – 0.86292 —
0.86532 – 0.86460 —
53.39090821807 – 43.301735248783 —
– —
0.86559 – 1780588800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –