GBP/USD – 1H – BUY

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

An ascending movement upwards to the next resistance line at 1.33864 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

And also a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.33894032 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.33864 could occur.
Consider stop-loss settings accordingly.

And also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. this 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’ heading up is 82%.

1.33864 – 1.34027 – 1.33696 – 1.32971 – 1.33056 – 1.32528 —
1.33718 – 1.33515 —
56.299443222198 – 47.863518497772 —
– —
1.33864 – 1772679600

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