EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards

A bullish trend up to the next resistance at 0.86442 is expected.

Caution: A possible change in the direction of the support level at 0.86185 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.86442 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 0.86442 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

0.86442 – 0.86437 – 0.86335 – 0.86185 – 0.86239 – 0.86194 —
0.86301 – 0.86362 —
45.454644904319 – 57.236440051934 —
– —
0.86442 – 1781481600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –