EUR/GBP – 30M – BUY

Furthermore a ‘Triple bottom chart pattern’ chart layout is detected. The formation shows ‘Triple bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.

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

A bullish trend upwards to the next resistance at 0.86553 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 0.86384 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.8648672 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.86553 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.86553 – 0.86551 – 0.86826 – 0.86384 – 0.864 – 0.86486 — 50.821098509578 – 59.22564414172 — 23.848992266255 – 34.607090918209 – 16.51543978026 – 23.768248907242

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Triple bottom chart pattern – –