GBP/USD – 1H – BUY

The pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.

A bullish trend upwards to the next resistance at 1.35275 is certain.

Caution: A possible change in the direction of the support line at 1.34571 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles form ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

1.35275 – 1.35757 – 1.35179 – 1.34571 – 1.34627 – 1.34472 —
1.34953 – 1.34919 —
45.22973477302 – 50.529552907413 —
– —
1.35275 – 1777431600

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Engulfing – – – – – – – – –