EUR/GBP – 30M – BUY

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

The bullish trend upwards to the next resistance at 0.86856 is considered certain.

Caution: A possible counter-trend in the direction of the support level at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

Besides a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.

Besides a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair is likely to rise.

Besides a ‘MACD Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘MACD Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair is likely to rise.

Besides a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.8678538 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.86856 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ chart pattern is detected. The candles form ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.86856 – 0.86761 – 0.86776 – 0.86661 – 0.86631 – 0.86601 —
0.86732 – 0.86701 —
44.676670217769 – 42.593056492176 —
– —
0.86856 – 1768815000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top retreat up – – – – – – – –