GBP/USD – 4H – BUY

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

A continuation of the uptrend up to the next resistance line at 1.36575 will persist.

Caution: A possible trend reversal in the direction of support at 1.35119 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.36575 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.36575 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

1.36575 – 1.35757 – 1.35989 – 1.35119 – 1.34538 – 1.34472 —
1.35345 – 1.35952 —
44.849709640019 – 58.998114348247 —
– —
1.36575 – 1777651200

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