EUR/GBP – 30M – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards

A continuation of the uptrend up to the next resistance at 0.86453 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.8636 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish SBS White Lines’ chart pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.86453 – 0.86486 – 0.86487 – 0.8636 – 0.86334 – 0.86273 —
0.86428 – 0.86522 —
48.130824209619 – 62.447767365092 —
– —
0.86453 – 1778157000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish SBS White Lines – – – – – – – – –