EUR/GBP – 30M – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards

A bullish ascent up to the next resistance at 0.87227 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 0.86893 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

0.87227 – 0.87122 – 0.87011 – 0.86893 – 0.86904 – 0.86865 —
0.87028 – 0.87063 —
37.140019896468 – 41.88401323451 —
– —
0.87227 – 1776432600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – – – – – – – – –