GBP/USD – 4H – BUY

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

A continuation of the uptrend up to the next resistance line at 1.35757 is likely expected.

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

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Next a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish chart scenario. The currency pair is likely to rise.

Next a ‘MACD Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Next a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.35757 – 1.35989 – 1.35892 – 1.34472 – 1.34746 – 1.34727 —
1.35275 – 1.34863 —
52.572456201655 – 36.605687983603 —
– —
1.35757 – 1777291200

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