EUR/GBP – 4H – BUY

The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline up.

A continuation of the uptrend upwards to the next resistance line at 0.87156 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.86485 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘MACD Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair could go up.

Besides a ‘Advance Block’ chart pattern is discovered. The candles show ‘Advance Block’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Advance Block’ going down is 64% (Bull Market) & 61% (Bear Market).

0.87156 – 0.87451 – 0.86922 – 0.86485 – 0.86576 – 0.86526 —
0.86668 – 0.86726 —
40.596226289772 – 46.32348373346 —
– —
0.87156 – 1769544000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Advance Block – Double bottom chart pattern – – – – – – – –