GBP/USD – 4H – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards

A bullish trend up to the next resistance line at 1.37327 is certain.

Caution: A possible trend reversal in the direction of the support zone at 1.35081 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Next a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

1.37327 – 1.38686 – 1.34911 – 1.35081 – 1.36227 – 1.34008 —
1.35815 – 1.36696 —
38.916402238816 – 54.582906174933 —
– —
1.37327 – 1770192000

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