EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.86867 is likely expected.
Caution: A possible change in the direction of the support level at 0.86653 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. chart signal.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.86869 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.86867 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87085 |
| 2nd High | 0.86968 |
| Next High | 0.86867 |
| Current Price | 0.86775 |
| Next Low | 0.86653 |
| 2nd Low | 0.8665 |
| 3rd Low | 0.86631 |
0.86867 – 0.86824 – 0.86968 – 0.86653 – 0.86677 – 0.86685 —
0.86774 – 0.86770 —
40.236152556153 – 42.163086117177 —
– —
0.86867 – 1769481000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –