GBP/USD – 30M – BUY

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

A bullish ascent upwards to the next resistance line at 1.36414 is certain.

Caution: A possible change in the direction of the support level at 1.36152 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.36603 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.36414 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.36414 – 1.37116 – 1.36961 – 1.36152 – 1.3609 – 1.36309 —
1.36278 – 1.36461 —
40.158982404416 – 53.52718570728 —
– —
1.36414 – 1770868800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – – – – – – – – –