EUR/GBP – 1H – BUY

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

A continuation of the uptrend up to the next resistance level at 0.87156 is likely expected.

Caution: A possible change in the direction of support at 0.86118 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.86748 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 0.87156 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.8636 – 0.86734 – 0.86748 – 0.86118 – 0.86192 – 0.86409 —
0.86522 – 0.86783 —
67.20457142212 – 58.999658295158 —
– —
0.8636 – 1770123600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – Rising Wedge Chart Pattern – – – – – – – –