GBP/USD – 4H – BUY

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

An ascending movement up to the next resistance line at 1.37116 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.34337 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

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

1.37116 – 1.37 – 1.37327 – 1.34337 – 1.359 – 1.35081 —
1.35009 – 1.35335 —
42.278917009 – 52.214903393504 —
– —
1.37116 – 1770811200

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