GBP/USD – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 1.35817 is considered certain.

Caution: A possible change in the direction of the support line at 1.34694 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.35817 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 1.35817 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. 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 ‘Three White Soldiers’ going up is 82%.

1.35362 – 1.35346 – 1.35165 – 1.34694 – 1.34752 – 1.34343 —
1.35335 – 1.35365 —
55.543834272176 – 60.232892789271 —
– —
1.35362 – 1771956000

Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – Double bottom retreat down – – – – – – – –