EUR/GBP – 1H – BUY

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.86522 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.86495 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Up’ candle pattern is found. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.86495 – 0.86737 – 0.86667 – 0.86310 – 0.86307 – 0.86342 —
0.86355 – 0.86423 —
43.567805170581 – 48.787285377344 —
0.86310 – 1780484400 —
0.86495 – 1780398000

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