EUR/GBP – 30M – BUY

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

The bullish trend up to the next resistance level at 0.87983 will continue.

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

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.

And also a ‘Bullish Engulfing’ chart pattern is discovered. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

0.87983 – 0.87933 – 0.88307 – 0.87861 – 0.87797 – 0.88128 —
0.87733 – 0.87883 —
36.891146678293 – 57.778915137198 —
– —
0.87983 – 1764081000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Engulfing – – – – – – – – –