EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 0.86691 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.86524 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Three Line Strike – Bullish’ candle pattern is detected. The candles form ‘Three Line Strike – Bullish’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87156 |
| 2nd High | 0.86707 |
| Next High | 0.86691 |
| Current Price | 0.86708 |
| Next Low | 0.86524 |
| 2nd Low | 0.86495 |
| 3rd Low | 0.86492 |
0.86691 – 0.86707 – 0.86692 – 0.86524 – 0.86495 – 0.86492 —
0.86658 – 0.86714 —
44.862950818122 – 55.886077870019 —
– —
0.86691 – 1769734800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Line Strike – Bullish – – – – – – – – –