EUR/GBP – 1H – BUY

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

A bullish ascent up to the next resistance at 0.86968 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.86576 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Up’ chart pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.86968 – 0.87323 – 0.87451 – 0.86576 – 0.86924 – 0.86941 —
0.86758 – 0.86799 —
42.728826363521 – 47.216434075261 —
– —
0.86968 – 1769389200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –