GBP/USD – 30M – BUY

The combination British Pound/US Dollar (GBP/USD) moves from the bullish trendline up.

A continuation of the uptrend up to the next resistance level at 1.34254 is expected.

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

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. 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 shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘StochRSI Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘StochRSI Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.34326 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.34254 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive 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 Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.34254 – 1.34326 – 1.33911 – 1.33831 – 1.33242 – 1.33495 —
1.34180 – 1.34116 —
53.206613318795 – 46.689533443398 —
– —
1.34254 – 1781267400

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Up – – – – – – – – –