GBP/USD – 4H – BUY

The currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 1.36575 will persist.

Caution: A possible reversal of the trend in the direction of the support level at should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

Furthermore a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. 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).

1.36575 – 1.35757 – 1.35989 – 1.34538 – 1.34472 – 1.34746 —
1.36035 – 1.35317 —
58.172936770436 – 43.06226862942 —
– —
1.36575 – 1777651200

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