GBP/USD – 30M – BUY

The pair British Pound/US Dollar (GBP/USD) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance level at 1.35656 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.34903 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Shooting Star’ candle pattern is existing. The candles form ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

1.35656 – 1.35335 – 1.35362 – 1.34903 – 1.34874 – 1.34763 —
1.35599 – 1.35600 —
64.673045815743 – 66.182403618877 —
– —
1.35656 – 1772047800

Trading Signals: FOREX – GBP – GBP/USD – USD – Shooting Star – – – – – – – – –