GBP/USD – 30M – BUY

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

A bullish movement upwards to the next resistance at 1.33429 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.32456 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘Three Line Strike – Bullish’ candlestick chart pattern is found. The candles form ‘Three Line Strike – Bullish’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).

1.33429 – 1.34364 – 1.34668 – 1.32976 – 1.32984 – 1.32456 —
1.32943 – 1.32736 —
34.409917364632 – 34.740157190645 —
– —
1.33429 – 1774240200

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Line Strike – Bullish – – – – – – – – –