EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline up.

An ascent up to the next resistance at 0.8721 will persist.

Caution: A possible change in the direction of the support line at 0.86878 should be noted.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.

Next a ‘Rising 3 Methods’ candle pattern is discovered. The candles show ‘Rising 3 Methods’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Rising 3 Methods’ going up is 74% (Bull Market) & 79% (Bear Market).

0.8721 – 0.8717 – 0.87234 – 0.86878 – 0.86936 – 0.86824 —
0.86993 – 0.86954 —
41.080824547791 – 39.97639441355 —
– —
0.8721 – 1770969600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Rising 3 Methods – Double top chart pattern – – – – – – – –