EUR/GBP – 1H – BUY

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

In addition a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.87136 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.87122 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bullish Belt Hold’ chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.87122 – 0.87011 – 0.87136 – 0.86893 – 0.86865 – 0.86841 —
0.87061 – 0.87075 —
42.894069730028 – 49.623419556712 —
– —
0.87122 – 1776358800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – – – – – – – – –