GBP/USD – 1H – BUY

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

A bullish movement up to the next resistance at 1.34092 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.32826 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.33793224 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.34092 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. 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%.

1.34092 – 1.33864 – 1.34027 – 1.32826 – 1.33109 – 1.32971 —
1.33403 – 1.33824 —
44.228755276183 – 58.400110538058 —
– —
1.34092 – 1772820000

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