GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards

The bullish trend up to the next resistance line at 1.37327 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘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 discovered. The chart forms ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. 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).

1.37327 – 1.37149 – 1.37875 – 1.35081 – 1.365 – 1.36227 —
1.35780 – 1.35959 —
50.416057302793 – 57.195238392409 —
– —
1.37327 – 1770202800

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