EUR/GBP – 30M – BUY

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

An ascending movement up to the next resistance at 0.83072 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.82636 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.82953 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.83072 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers