EUR/GBP – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.85847 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.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Inverted Hammer’ chart pattern is existing. The chart forms ‘Inverted Hammer’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).

0.85738 – 0.86175 – 0.86238 – 0.85456 – 0.85635 – 0.85654 —
0.85682 – 0.85667 —
56.759064887324 – 55.602509008808 —
– —
0.85738 – 1783006200

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