EUR/GBP – 30M – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance line at 0.86497 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.86331 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.

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

Additionally a ‘MACD Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.864505 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.86497 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘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 success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.86497 – 0.86376 – 0.86539 – 0.86331 – 0.86248 – 0.86164 —
0.86367 – 0.86367 —
47.470589168312 – 45.808582871299 —
– —
0.86497 – 1773666000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –