EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards

A bullish ascent up to the next resistance line at 0.87234 will persist.

Caution: A possible change in the direction of support at could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.87264768 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 0.87234 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.87234 – 0.87198 – 0.87412 – 0.86824 – 0.86854 – 0.86938 —
0.87154 – 0.87091 —
52.378001009899 – 47.212540633608 —
– —
0.87234 – 1770775200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –