GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.

The bullish trend up to the next resistance at 1.33642 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 1.32731 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.

Additionally a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.33642 – 1.3339 – 1.33693 – 1.32731 – 1.32178 – 1.33606 —
1.33637 – 1.33568 —
63.792444530924 – 60.527157043277 —
– —
1.33642 – 1773781200

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