EUR/GBP – 30M – BUY

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

A continuation of the uptrend up to the next resistance level at 0.86817 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.86634 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

And also a ‘Bearish SBS White Lines’ candle chart pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.86817 – 0.86597 – 0.86555 – 0.86634 – 0.86479 – 0.86434 —
0.86795 – 0.86737 —
53.756382715427 – 34.084387424386 —
– —
0.86817 – 1781820000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –