EUR/GBP – 30M – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance level at 0.86811 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 0.86479 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ” indicator layout is discovered. The indicator shows ”. this is usually a bullish signal. The currency pair is likely to rise.

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Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘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 success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.86597 – 0.86555 – 0.86507 – 0.86479 – 0.86434 – 0.86445 —
0.86576 – 0.86664 —
60.039633454593 – 59.872262216876 —
– —
0.86597 – 1781733600

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