EUR/GBP – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.86418 is expected.

Caution: A possible trend reversal in the direction of the support line at 0.86273 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.86541124 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.86418 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Inverted Hammer’ candlestick pattern is detected. The chart forms ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).

0.86418 – 0.86476 – 0.86403 – 0.86273 – 0.86227 – 0.86327 —
0.86348 – 0.86407 —
42.909627050616 – 56.476037616474 —
0.86273 – 1778061600 —
0.86418 – 1777971600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Inverted Hammer – – – – – – – – –