EUR/GBP – 30M – BUY

The currency pair Euro/British Pound (EUR/GBP) goes from the ascending trendline up.

A continuation of the upward movement up to the next resistance level at 0.86996 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.86752 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.

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

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.86996 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86996 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.86996 – 0.86977 – 0.86869 – 0.86752 – 0.8672 – 0.86575 —
0.86903 – 0.86869 —
41.08934695577 – 45.19979761212 —
– —
0.86996 – 1774926000

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