EUR/GBP – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance line at 0.87412 is likely expected.

Caution: A possible change in the direction of the support zone at 0.86938 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.87412 – 0.86935 – 0.87132 – 0.86938 – 0.86954 – 0.86724 —
0.87035 – 0.87149 —
50.334348377428 – 60.938922807386 —
– —
0.87412 – 1770652800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – Double top chart pattern – – – – – – – –