EUR/GBP – 30M – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.

A bullish trend up to the next resistance line at 0.86354 is expected.

Caution: A possible change in the direction of the support zone at 0.8625 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

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 0.86377528 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.86354 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

0.86354 – 0.86437 – 0.86335 – 0.8625 – 0.86185 – 0.86239 —
0.86332 – 0.86346 —
54.326424058886 – 58.409710707286 —
– —
0.86354 – 1781260200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –