EUR/GBP – 1H – BUY

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

A bullish movement upwards to the next resistance line at 0.85738 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 0.85456 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.85887 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.85738 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

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

0.85738 – 0.86175 – 0.86238 – 0.85456 – 0.86065 – 0.86056 —
0.85668 – 0.85638 —
43.888107500411 – 46.27478509045 —
– —
0.85738 – 1783004400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – – – – – – – – –