EUR/GBP – 1H – BUY

The currency pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline upwards

A continuation of the bullish trend up to the next resistance line at 0.87487 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 0.87164 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Bullish Belt Hold’ candle pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.87487 – 0.8721 – 0.8717 – 0.87164 – 0.86856 – 0.86864 —
0.87316 – 0.87315 —
52.065702106098 – 54.189213065082 —
– —
0.87487 – 1771347600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – Double top chart pattern – – – – – – – –