GBP/USD – 1H – BUY

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

A bullish trend upwards to the next resistance line at 1.34326 is certain.

Caution: A possible change in the direction of support at 1.33831 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is existing. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Besides a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.34326 – 1.34231 – 1.34102 – 1.33831 – 1.33242 – 1.33495 —
1.34135 – 1.34107 —
50.949943675733 – 49.933982645368 —
– —
1.34326 – 1781215200

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