GBP/USD – 30M – BUY

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

An ascending movement upwards to the next resistance level at 1.351 will continue.

Caution: A possible change in the direction of the support line at 1.34787 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.

And also a ‘MACD Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD Bullish Divergence’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.3507 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.351 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Inside Up’ candlestick pattern is found. The chart shows ‘Three Inside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Up’ heading up is 65% (Bull Market) & 63% (Bear Market).

1.351 – 1.35352 – 1.35394 – 1.34787 – 1.34916 – 1.34746 —
1.34992 – 1.34984 —
43.262149256197 – 39.809781528315 —
– —
1.351 – 1776916800

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