GBP/USD – 1H – BUY

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

A bullish ascent up to the next resistance line at 1.32753 will continue.

Caution: A possible counter-trend in the direction of the support level at 1.3205 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘%K cross above 20’ indicator signal is detected. The indicator shows ‘%K cross above 20’. which is often a bullish chart signal. The pair is likely to go up.

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

Besides a ‘Three Line Strike – Bullish’ candle chart pattern is existing. The chart forms ‘Three Line Strike – Bullish’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).

1.32753 – 1.32541 – 1.32681 – 1.3205 – 1.32095 – 1.31237 —
1.32523 – 1.32126 —
46.66832320367 – 40.205931683858 —
– —
1.32753 – 1764601200

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Line Strike – Bullish – – – – – – – – –