EUR/GBP – 1H – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 0.86922 will continue.
Caution: A possible change in the direction of the support level at 0.86601 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87248 |
| Next High | 0.86922 |
| Current Price | 0.86714 |
| Next Low | 0.86601 |
| 2nd Low | 0.86526 |
| 3rd Low | 0.86512 |
0.86793 – 0.86784 – 0.86729 – 0.86601 – 0.86526 – 0.86565 —
0.86806 – 0.86746 —
61.397834246941 – 46.342329981218 —
– —
0.86793 – 1768528800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – Double top retreat up – – – – – – – –