EUR/GBP – 30M – BUY

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

An ascent up to the next resistance level at 0.874 is considered certain.

Caution: A possible counter-trend in the direction of support at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘MACD-Hist Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD-Hist Bullish Divergence’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. this 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.874 – 0.87484 – 0.87512 – 0.87246 – 0.87379 – 0.87314 —
0.87341 – 0.87378 —
45.263563484565 – 54.23113275285 —
– —
0.874 – 1771606800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – Inverse Head and Shoulder chart pattern – – – – – – – –