EUR/GBP – 30M – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.

A bullish ascent up to the next resistance line at 0.87112 is certain.

Caution: A possible counter-trend in the direction of the support line at 0.86852 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar tendiert eventuell nach unten.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Moreover a ‘Bearish SBS White Lines’ candlestick pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.87112 – 0.87118 – 0.87121 – 0.86932 – 0.86852 – 0.86863 —
0.87062 – 0.86973 —
50.22131037783 – 35.872855020624 —
– —
0.87112 – 1772699400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish SBS White Lines – – – – – – – – –