EUR/GBP – 30M – BUY

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

An ascending movement upwards to the next resistance level at 0.86336 is likely expected.

Caution: A possible change in the direction of the support level at 0.86206 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.

There is also a ‘Above the Stomach’ candlestick pattern is existing. The candles form ‘Above the Stomach’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).

0.86336 – 0.86366 – 0.86567 – 0.86206 – 0.86166 – 0.86208 —
0.86242 – 0.86299 —
43.421251717477 – 56.707205913558 —
– —
0.86336 – 1773342000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Above the Stomach – – – – – – – – –