GBP/USD – 30M – BUY

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

An ascending movement upwards to the next resistance at 1.3632 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.35081 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.

Additionally a ‘Bullish Tri-Star’ candle chart pattern is detected. The chart shows ‘Bullish Tri-Star’. which 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 chance of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).

1.3632 – 1.37327 – 1.37068 – 1.35081 – 1.35173 – 1.36422 —
1.35719 – 1.35925 —
57.752548850715 – 66.101278203968 —
– —
1.3632 – 1770285600

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Tri-Star – – – – – – – – –