EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.83552 is likely expected.
Caution: A possible change in the direction of the support level at 0.82832 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Up’ candle chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83752 |
| 2nd High | 0.83642 |
| Next High | 0.83552 |
| Current Price | 0.83788 |
| Next Low | 0.82832 |
| 2nd Low | 0.82742 |
| 3rd Low | 0.82636 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up