EUR/GBP – 30M – BUY

The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline up.

A bullish movement upwards to the next resistance level at 0.87197 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.86923 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Also there is a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.87197 – 0.87156 – 0.87122 – 0.86969 – 0.87002 – 0.86923 —
0.87026 – 0.86987 —
38.294571822889 – 37.163934762959 —
– —
0.87197 – 1776769200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –