GBP/USD – 4H – BUY

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

The bullish trend upwards to the next resistance level at 1.33459 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.31779 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.

Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.33459 – 1.34789 – 1.34668 – 1.31779 – 1.31586 – 1.32565 —
1.32555 – 1.32664 —
51.125421254734 – 51.691854462592 —
– —
1.33459 – 1775073600

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Up – Rising Wedge Chart Pattern – – – – – – – –