GBP/USD – 4H – BUY

The combination British Pound/US Dollar (GBP/USD) goes from the ascending trendline up.

A continuation of the bullish trend up to the next resistance at 1.35757 is certain.

Caution: A possible change in the direction of the support line at 1.34472 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘StochRSI Bullish Divergence’ indicator layout is discovered. The indicator shows ‘StochRSI Bullish Divergence’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘MACD Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD Hidden Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.

Moreover a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.3552141 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 1.35757 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

1.35757 – 1.35989 – 1.35892 – 1.34472 – 1.34746 – 1.34727 —
1.35250 – 1.34999 —
48.980656347548 – 44.82225430288 —
– —
1.35757 – 1777291200

Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –