EUR/GBP – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.864115 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.86418 could happen.
Please make appropriate stop-loss settings in the case of a trade.

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

0.86418 – 0.86476 – 0.86403 – 0.86327 – 0.86166 – 0.86589 —
0.86340 – 0.86312 —
38.232949498919 – 32.153504597982 —
– —
0.86418 – 1777971600

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