EUR/GBP – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance level at 0.87451 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 0.86526 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.87214752 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.87451 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.87451 – 0.86922 – 0.86907 – 0.86526 – 0.86512 – 0.86437 —
0.87344 – 0.87064 —
61.321137367999 – 51.939522548161 —
– —
0.87451 – 1768996800

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